May 10, 2019 / 7:39 AM / 2 months ago

Turkish state banks sold $1 billion to support lira overnight - sources

ANKARA, May 10 (Reuters) - Turkey’s state banks, including the largest lender by assets Ziraat Bank, sold $1 billion on Thursday and overnight to curb a depreciation in the lira, sources familiar with the issue told Reuters.

The lira hit its weakest level in eight months on Thursday but recovered overnight. (Reporting by Orhan Coskun Writing by Ezgi Erkoyun)

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