Turkey leans on Qatar for $15 billion deal as economy stutters amid coronavirus

Turkey leans on Qatar for $15 billion deal as economy stutters amid coronavirus

Qatar has continued to support Turkish President Recep Tayyip Erdogan, offering a credit line to at the height of Turkey's currency crisis in 2018.. The new deal could effectively raise Turkey's battered reserves by up to $10 billion, adding to a stockpile whose size was called into question by investors because the central bank boosted them by including dollars borrowed from commercial lenders in its foreign holdings.. Analysts had earlier predicted that Turkey could run out of reserves by as early as July as the central bank has been spending around $440 million a day to prop up the struggling lira..