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Tuesday, November 26, 2013

UPDATE 1-Turkey plans more curbs on credit card use to stem outflows | Reuters

UPDATE 1-Turkey plans more curbs on credit card use to stem outflows

Tue Nov 26, 2013 12:22pm EST

Nov 26 (Reuters) - Turkey's banking watchdog has proposed curbing consumers' use of credit cards to pay for goods by monthly instalments, the latest attempt by authorities to reduce the nation's dependence on foreign capital.

More:UPDATE 1-Turkey plans more curbs on credit card use to stem outflows | Reuters