Turkey backs away from foreign currency protected savings accounts

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Turkey has taken the first steps towards unwinding a $125bn scheme that protects savers against falls in the lira, the latest sign that President Recep Tayyip Erdo?an is backing away from the unconventional economic policies that damaged the country’s economy. In a series of announcements on Sunday, the government and central bank said they would begin discouraging..