financial markets and banks, a government source told Reuters on Wednesday.
The investment package was announced after Qatar`s Emir Tamim bin Hamad Al Thani met President Tayyip Erdogan in Ankara,
as Turkey grapples with a collapse in the lira and tensions with NATO ally the United States.
he currency has lost nearly 40 percent against the dollar this year, driven by worries over Erdogan`s growing influence on the economy and his repeated calls for lower interest rates despite high inflation.
Following the announcement, the lira firmed briefly to 5.8699 from 6.04 to the dollar, but later eased back to 6.0200 at 1538 GMT.
The Turkish lira had rebounded some 6 percent on Wednesday after the central bank squeezed lira liquidity in the market,
effectively pushing up rates and supporting the currency.
Turkey and Qatar have traditionally maintained good ties and Ankara stood by Doha after Saudi Arabia and other Arab states
severed diplomatic, trade and travel ties with Qatar last year, accusing it of financing terrorism, a charge Doha denies.
Erdogan`s spokesman praised Qatari-Turkish relations on Twitter. "The fundamentals of the Turkish economy are robust and
Turkey will emerge stronger from this process," Ibrahim Kalin wrote.
Reporting by Orhan Coskun, Writing by Sarah Dadouch
Editing by Dominic Evans)
Uu.SYS/C/T008/C/E002
Reporter: Antara/Reuters
Editor: Fardah Assegaf
Copyright © ANTARA 2018
