(Bloomberg) -- Turkish residents have been flocking to the stability of hard currencies, the opposite of what President Recep Tayyip Erdogan has been urging. Deposits in foreign exchange for individuals and companies excluding banks rose for a third week, signaling a lack of confidence in the lira. It's the biggest loser among world currencies so far in 2017.
To contact the reporter on this story: Fercan Yalinkilic in Istanbul at fyalinkilic@bloomberg.net. To contact the editors responsible for this story: Benjamin Harvey at bharvey11@bloomberg.net, Sheldon Reback
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