Turkish lira rallies as Qatar makes $15bn loan pledge
(The Guardian Turkey)

Ankara officials will channel money `into Turkey´s financial markets and banks´Turkey´s beleagured currency has bounced back from record lows after Qatar pledged to shore up the banking sector´s shaky finances with loans worth $15bn (£11.8bn).A week after a diplomatic spat with the US sent the lira into a tailspin, the agreement with Qatar was calculated to help Turkey avoid having to ask the International Monetary Fund for emergency funding. Related: Turkish lira rallies as Qatar invests $15bn, but markets slide - business live Continue reading...