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Saturday, September 01, 2018

Halkbank sells dollars on the cheap prompting public outcry | Ahval

Halkbank sells dollars on the cheap prompting public outcry

Turkish state-owned Halkbank sold dollars on the cheap in what the bank said was a failure of third-party foreign exchange software. The bank, run by Turkey’s sovereign wealth fund, offered dollars at 3.88 liras in late night trade on Friday before its website went offline. The dollar had closed the week at 6.58 liras.

More:Halkbank sells dollars on the cheap prompting public outcry | Ahval