Turkey to boost capital at ailing banks in reform package: Albayrak

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Turkey to boost capital at ailing banks in reform package: Albayrak
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Turkish Finance Minister Berat Albayrak said on Wednesday the government would b...

Turkish Treasury and Finance Minister Berat Albayrak attends a news conference in Istanbul, Turkey, April 10, 2019. REUTERS/Umit Bektas

Turkey’s economy tipped into recession late last year and suffered its worst quarterly contraction in nearly a decade, after a punishing currency crisis sent inflation soaring as high as 25 percent and left its companies and banks saddled with foreign-currency debt.

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