Turkey has begun issuing foreign-currency bonds to individual investors as it faces a currency crisis with its lira falling sharply this year. The Turkish central bank said on Monday that the government would issue up to 100 billion liras in foreign exchange bonds, which will be backed by deposits from private and public sector banks.
Turkey has begun issuing foreign-currency bonds to individual investors as it faces a currency crisis with its lira falling sharply this year. The euro-and-US dollar denominated bonds will allow the government to broaden the investor base.