Turkey Currency Exchange Crackdown

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Turkey | Crackdown on Currency Exchange

Turkish officials have stepped up their enforcement of unregistered foreign currency exchanges in major cities and tourist areas. Since 2018, officials have suspended the operations of 859 unlicensed businesses. The crackdown comes as many people in Turkey increasingly seek other currencies to protect their savings from inflation and the long-term decline of the Turkish lira. FinancialFreedomReport.org

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