{"id":45232,"date":"2022-10-23T19:03:27","date_gmt":"2022-10-23T16:03:27","guid":{"rendered":"https:\/\/bazaartimes.com\/?p=45232"},"modified":"2022-10-23T19:03:41","modified_gmt":"2022-10-23T16:03:41","slug":"turkiye-halts-lending-to-more-fx-rich-firms-to-boost-lira","status":"publish","type":"post","link":"https:\/\/bazaartimes.com\/turkiye-halts-lending-to-more-fx-rich-firms-to-boost-lira\/","title":{"rendered":"Turkiye halts lending to more FX-rich firms to boost lira"},"content":{"rendered":"\n<p>Turkiye tightened lending rules for many companies with more than $500,000 in foreign currency cash on Friday, sweeping up more borrowers under rules adopted in June in the latest step to reverse a tumbling lira.<\/p>\n\n\n\n<p>The BDDK bank regulator said that if companies subject to independent audit had more than 10 million lira ($538,000) of forex cash assets,and they exceed 5% of total assets or annual revenues,they will not be allowed to receive new lira loans.<\/p>\n\n\n\n<p>The parameters were adjusted from those issued four months ago when they covered companies with 15 million lira of forex assets that exceed 10% of total assets or annual revenues.<\/p>\n\n\n\n<p>The lira currency has touched record lows in recent weeks largely due to authorities&#8217; unorthodox policy of slashing interest rates in the face of soaring inflation.<\/p>\n\n\n\n<p>($1 = 18.5814 liras)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turkiye tightened lending rules for many companies with more than $500,000 in foreign currency cash on Friday, sweeping up more borrowers under rules adopted in June in the latest step &hellip;<\/p>\n","protected":false},"author":2,"featured_media":45233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[1],"tags":[2078,19,47,1146,17336,1952,44,14875],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/bazaartimes.com\/wp-content\/uploads\/2022\/10\/liras-2.jpg?fit=758%2C501&ssl=1","_links":{"self":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/45232"}],"collection":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/comments?post=45232"}],"version-history":[{"count":3,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/45232\/revisions"}],"predecessor-version":[{"id":45236,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/45232\/revisions\/45236"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/media\/45233"}],"wp:attachment":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/media?parent=45232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/categories?post=45232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/tags?post=45232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}