Country: TR | Published: 2026-09-19
Turkey's market stress continues to deepen, with the country's most popular money market funds now reported in default, extending the turmoil that began with the fund liquidation a
Turkey's market stress continues to deepen, with the country's most popular money market funds now reported in default, extending the turmoil that began with the fund liquidation and manipulation probe. The central bank has been selling dollars heavily to defend the lira, which keeps sliding to fresh lows despite official intervention. Meanwhile, regulators revoked the local operating license of an Iranian bank amid US pressure, adding a geopolitical layer to an already fragile financial backdrop.