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Turkey weighs inflation-protected lira bonds to bolster currency

Bank deposit guarantee will attract $16bn in 1st month, Erdogan's financial adviser says

People stand in front of the spice market also known as the Egyptian Bazaar in Istanbul, Turkey.   © Reuters

ISTANBUL -- Turkey is considering a range of new lira-based financial products that the government would guarantee against inflation losses, a top government official told Nikkei Asia.

These would follow up on a scheme launched in mid-December to protect local-currency bank deposits against losses from foreign exchange fluctuations.

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