Mobius: 'Real possibility' of capital controls in Turkey

Would cause damage to other emerging markets

Mike Sheen
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Mark Mobius warns on Turkey situation
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Mark Mobius warns on Turkey situation

Emerging markets investment veteran Mark Mobius has warned of the negative implications for the emerging markets asset class as a whole if Turkey is forced to close its "foreign exchange window".

Turkey, which is facing a raft of fundamental problems such as double-digit inflation and an overheating economy, has seen its currency slide around 40% against the dollar this year and 20% in the last...

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