ECONOMY

Currency-starved Turkey set to receive $6.4 billion from IMF

Currency-starved Turkey set to receive $6.4 billion from IMF

Turkey is set to receive $6.4 billion from the International Monetary Fund, as the international organization has decided to make available $650 billion from its Special Drawing Rights program.

The fund injection comes at a crucial moment for Turkey, whose currency reserves have been depleted as a result of its unorthodox monetary policy.

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