The summertime collapse of the lira left a raft of Turkish companies struggling under the weight of their debt. The mismatch between the currency many companies borrow in - especially US dollars and euros - and their lira-denominated revenues, made them exposed to local currency depreciation.
The summertime collapse of the lira left a raft of Turkish companies struggling under the weight of their debt. The mismatch between the currency many companies borrow in - especially US dollars and euros - and their lira-denominated revenues, made them exposed to local currency depreciation.
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