How to open Savings Account in Turkey from Singapore?

Question

I want saving accounts in Turkish Lira (TRY)

Turkey giving 16% per annum

Turkey got 15 th place in GDP

Answer 1

Impossible.  I know of no country that allows direct foreign investment. You cannot open an account in one country while you are staying in another, with out going through exchange controls. Both countries don't like it.  The exporting country because they are losing currency, and the importing country because they are loosing interest and the capital after a time.  Neither benefit.  The only way you can do something similar, is by direct investment (property, shares and bonds etc) in the other country via an 'agent'.

Peace.