Reuters exclusively reveals Turkish bank employees compelled to boost lira-defense scheme

Reuters exclusively reported that Turkey’s big state banks have set employee performance targets as they urge clients to convert foreign currencies into lira under a deposit-protection plan introduced last month to stem a currency crisis. Under the scheme, the Treasury and central bank guarantee deposits with a three-to-12 month duration against foreign exchange-related losses in an effort to halt a flight to the dollar amid soaring inflation.