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Thursday, June 13, 2019

Turkey eases credit card rules in latest economic stimulus | Ahval

Turkey eases credit card rules in latest economic stimulus

Turkey eased repayment rules on credit card debt and made it easier to purchase furniture and holidays in an attempt to stimulate economic growth.

Turks will be required to repay a minimum of 30 percent of their credit card debt on a monthly basis, down from rates as high as 40 percent, according to a decision published in the Official Gazette on Thursday.

More:Turkey eases credit card rules in latest economic stimulus | Ahval