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Friday, January 31, 2014

Turks hoard dollars fearing lira rout will continue | Reuters

Turks hoard dollars fearing lira rout will continue

Fri Jan 31, 2014 7:42am EST

By Asli Kandemir

ISTANBUL, Jan 31 (Reuters) - Turkish households and firms are hoarding dollars, suggesting they have little faith the lira will be spared a further emerging markets sell-off despite a massive rate hike this week.

More:Turks hoard dollars fearing lira rout will continue | Reuters