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futures contracts. The central bank returned to that market in the last week of July after the state-run banks’ FX deficit rose over $12.2bn as of August 7.
Government-run Ziraat Bank ​charged​ a 0.03% commission for FX cash withdrawals above $3,000 while private lender Garanti BBVA required a 0.015% fee for those above $20,000.
On August 13, Erdogan was ​live​ on TV. The president has, as usual, his own agenda. He wants his oil and gunboat adventures in the Mediterranean and the Hagia Sophia mosque defiance to be talked about.
As jitters over the renewed descent of the lira turning into a full-on economic
12​ TURKEY Country Report​ September 2020 ​ ​www.intellinews.com