The Turkish government is planning to significantly increase penalties for manipulating the Turkish lira, according to reports. The punishments, which will be extended to anyone found guilty of manipulating the price of financial securities or benefiting from information illegally obtained will include a minimum prison term of three years. The lira gained slightly on the news this morning, nudging up by 0.4% against the dollar to TL5.98. Today's move follows a previous set of reforms in 2018 that sought to tighten regulation around currency trading with the aim of preventing a rep...
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