ANKARA Dec 8 Turkey's postal service (PTT) on
Thursday converted $172 million of foreign exchange into lira,
in response to a call from President Tayyip Erdogan to boost the
Turkish currency, broadcaster NTV reported.
The lira has lost as much as one fifth of its
value against the dollar this year, hit by both strength in the
U.S. currency and concerns about the widespread crackdown
following the July coup. This week it has recouped some losses
and is now down around 15 percent for the year. It was at 3.3765
at 0617 GMT.
PTT joined the likes of energy market regulator EPDK, which
had decided to hold natural gas distribution tenders in lira
instead of dollars, and the Istanbul Stock Exchange, which last
week said it had converted all of its cash assets to lira.
(Reporting by Tuvan Gumrukcu; Writing by Ece Toksabay; Editing
by David Dolan)