Turkey's Finance Minister Rules Out Capital Controls

Turkey's Finance Minister Rules Out Capital Controls

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses recent measures taken to stabilize the Turkish lira, including limits on swap transactions and closing the repo market, which have effectively raised interest rates. A significant conference call by Albayrak highlighted Turkey's economic strengths and plans to address vulnerabilities, such as inflation and fiscal imbalances. These announcements have positively impacted the lira, showing signs of recovery from a recent crash.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What measures have been taken to limit swap transactions in Turkey?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What did Albayrak say about the strength of the banks during the conference call?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What vulnerabilities did Turkey plan to address according to Albayrak?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How have the markets reacted to the proposals mentioned by Albayrak?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the situation of the lira at the beginning of Friday compared to its crash?

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