Turkey will require exporters to convert a quarter of their revenues to liras, the latest step in the government’s efforts to boost its reserves and support the local currency. The central bank will buy 25% of all income from exports of goods so long as the exporters receive payments in U.S. dollars, euros or pounds, the monetary authority said in a decree on Monday. Turkey Doubles Down on Lira-Deposit Plan Even as Currency Slides The measure is aimed at boosting Turkey’s foreign currency reserves by forcing companies to keep some of their revenues from sales abroad in the local currency. It comes after a year of ... (full story)