Turkey bans lenders from trading liras with #Citi, #UBS, #BNP
![]() 2014 Monday, 11 May, 2020, 17:00 Turkey’s banking watchdog barred local lenders from trading liras with Citibank NA., BNP Paribas SA and UBS AG, saying the three foreign banks failed to meet their lira liabilities. UBS declined to comment. A BNP representative wasn’t immediately available to comment. The currency weakened to a record low against the dollar earlier Thursday but erased losses following the regulator’s announcement. It was trading 1.2% higher at 7.1065 per dollar at 3:31 p.m. in Istanbul. The regulator has recently limited the amount of liras Turkish banks can make available to foreign investors and banks, in an apparent attempt to make it tougher to bet against the local currency. |

Trump on Additional Sanctions Against Russia by US: You Will Find Out
54427.10.2025, 13:16
Trump claims US tariffs made nations leave bloc
156515.10.2025, 10:42
European Commission slaps three major fashion brands with €157 million fine
139014.10.2025, 23:33
Russia, Azerbaijan and Iran to establish joint working group on road transport
135514.10.2025, 13:23
China's September exports to Russia show steepest decline in seven months
122213.10.2025, 23:17
China’s Tibetan Mega-Dam Is Veiled in Secrecy
93912.10.2025, 17:36
Trump threatens 'massive' China tariffs as Beijing restricts rare-earth exports
86910.10.2025, 20:46
Thousands march in Athens against labor law changes, disrupt services nationwide
117101.10.2025, 19:18
