Travel
10:25, 15-Aug-2018
China's Ctrip stops allowing customers to pay using Turkish lira
Updated
10:20, 18-Aug-2018
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Chinese online travel agency Ctrip said on Monday that it has stopped allowing customers to pay using Turkish lira due to a slump in the currency.
A Ctrip spokeswoman told Reuters that it had removed the option on its website on Sunday as some customers had been exploiting the currency’s fluctuation by paying in lira and asking for refunds in Chinese yuan.
Hagia Sophia (Ayasofya), Istanbul, Turkey /VCG Photo
Hagia Sophia (Ayasofya), Istanbul, Turkey /VCG Photo
The lira pulled back from an overnight record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity and cut lira and foreign currency reserve requirements for Turkish banks.
Source(s): Reuters