Morning Note /

Turkey: The Lira continues its wild swings

  • TL appreciated by 10% with the news of UAE cooperation

  • State banks and other state affiliated companies (Vakıfbank, Halkbank,Turk Telekom) all performed better

  • We do not see why UAE invest in state banks, hence that one is the least credible market rumor

Batuhan Ozsahin
ATA Invest
25 November 2021
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