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Conclusion of currency crisis

Category: International Banking Paper Type: Report Writing Reference: N/A Words: 130

        If all the above discussion is summarized than it is evident that The International Monetary Fund cut its development standpoint for Turkey and required a broad blend of measures to shield the economy after ongoing business sector disturbance and decreases in the money. With weight on the lira driving the national bank to raise loan costs and sending swelling to close to the quickest pace since President Recep Tayyip Erdogan came to control 15 years back, the IMF is taking an inexorably diminish perspective of Turkey's prospects. Argentina's President Mauricio Macri has approached the International Monetary Fund for an early arrival of assets from a $50bn arrangement to ease worries that the nation won't have the capacity to meet its obligation commitments for 2019.

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