Turkey has seen $1.35bn exit stock market since late May, says minister

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Turkey has seen $1.35 billion of capital outflows from its equity markets since May 26 due partly to global market conditions and two weeks of domestic political unrest, Deputy Prime Minister Ali Babacan said on Tuesday.

Central Bank Governor Erdem Basci said on June 12 that outflows from Turkish markets since the beginning of May had amounted to $7.9bn-8.0bn, mainly due to global factors.

Turkey could issue a sukuk abroad in August if global market conditions allow, Treasury Undersecretary Ibrahim Canakci said on Tuesday.

Canakci also said that the Treasury could issue a bond with a maturity of longer than 10 years if it sees demand is strong and sustained.

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