Kenya has confirmed the discovery of its first coltan deposits, a valuable mineral integral to the production of various electronic devices. Coltan, short for columbite-tantalite, is a valuable mineral that is used in various industries.

Kenya discovers first deposits of coltan, a valuable mineral used in electronic devices

As the Lira was approaching a decade of continuous losses, Turkish policymakers hit on an idea that promised a quick fix, and it helped stave off another currency crisis. A Bloomberg report showed that nearly two years later, a government-backed savings programme that safeguards lira deposits from hard currency devaluation is too massive to dismantle.

Lira lifeline became $124 billion problem that haunts Turkey

While investors fretted over the fall in bank stocks, the drop in bond yields caused losses for bond investors, mainly banks. How safe is your money in banks, stocks and bonds in an interconnected financial world?

Explained: How safe are your deposits?

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