Turkey Seeks Dollars With 0% Lira Funding, Return Guarantee
Published on: Thursday 28 April 2022
(Bloomberg) -- Turkey is working on a plan to attract inflows of hard currency by offering lira funding, free of interest and with a guaranteed 4% return in dollars, to foreign investors willing to park their money for at least two years.Most Read from BloombergFour European Gas Buyers Made Ruble Payments to RussiaPutin Is Losing So Here’s How He’ll Make the War WorseU.S. Economy Posts Surprise Contraction, Belying Solid Consumer PictureStocks Surge Before Amazon Casts Shadow Over Rally: Markets