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What is Lc

The fall in value of the Turkish currency has doubled the charm of buying housing by investors in the Persian Gulf region.

sEE

Currency exchange

A country's money is only used for trading within that country. For example, a company in Turkey, there is a need to import from European countries to the euro. For this reason, the importer is obliged to get Euro by issuing Turkish Lira. For this reason, foreign economic relations require the use of foreign exchange. Foreign exchange is bought and sold as a commodity.

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