Turkey’s FX Sales Reach $6 Billion After Opposition Ruling

Turkish state lenders sold about $6 billion to defend the lira on Thursday, about half shortly after a court decision that removed the main opposition party’s leadership, according to traders...

By Beril Akman, Inci Ozbek, Tugce Ozsoy · Bloomberg Markets

Turkish state lenders sold about $6 billion to defend the lira on Thursday, about half shortly after a court decision that removed the main opposition party’s leadership, according to traders familiar with the transactions.