Clearstream resumes Turkish lira transactions on Bridge platform

Clearstream Banking resumed Turkish lira transactions over a joint settlement platform with Eurobank named the Bridge.

The trading will restart on June 1, Clearstream said on Thursday, according to Reuters.

The announcement follows a decision last week by Turkey’s banking regulator exempting the two companies from recently introduced limits for local banks’ lira transactions with foreign financial institutions.

Turkey has sought to control trading in the lira after the currency slumped to a record low of 7.269 per dollar on May 7. The lira has since strengthened to trade at 6.82 against the U.S. currency on Friday.