Talks between Turkey’s central bank and counterparts in Azerbaijan and the UAE on securing a possible currency swap line are wrapping up and one deal is likely before year-end, two officials with knowledge of the matter told Reuters. Turkey is in need of such foreign currency to provide a buffer against a fast-moving lira crash and inflationary spiral, and to bolster the central bank’s depleted reserves after its expensive market interventions.Turkey’s central bank – which has sought foreign swap lines in the last two years with some success – declined to comment on the state of talks with Azerbaijan and the United ... (full story)