Turkish Lira Jumps as Regulator Curbs Bank Swap Transactions
100 lira notes sit on display in Istanbul, Turkey. (Photographer: Kerem Uzel/Bloomberg News)

Turkish Lira Jumps as Regulator Curbs Bank Swap Transactions

(Bloomberg) -- The Turkish lira rallied after the nation’s banking regulator limited lenders’ swap transactions, a move that is likely to deter short-selling in the battered currency.
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