Turkey’s Official Gazette: Turkey seeks to ban foreign currency transactions for property sales and rental agreements

Turkey’s Official Gazette came out with a statement on Thursday, citing that Turkey seeks to ban foreign currency transactions for property sales and rental agreements. This implies that the transactions for property sales and rental agreements need to be done via the Lira instead.

Also Read: USD/TRY Technical Analysis: Bearish pennant breakdown confirmed

                 All eyes on the CBRT later in the week – Danske Bank

USD/TRY Technical Analysis: Bearish pennant breakdown confirmed

Daily chart Spot Rate: 6.3457 Daily High: 6.3495 Daily Low: 6.3346 Trend: Bearish Resistance R1: 6.4937 (5-day moving average) R2: 6.8353 (Au
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Global growth at a multi-year high but set to slow as risks build - NAB

Analysts at NAB suggest that their tracking indicator of the major advanced and emerging market economies points to global economic growth reaching it
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