Interest rates for rediscount and advance transactions have been redetermined
The Central Bank of the Republic of Turkey (TCMB) has redetermined the interest rates to be applied to rediscount and advance transactions.
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According to the communiqué published in the Official Gazette, the TCMB has set the discount interest rate to be applied to rediscount transactions against bills with a maturity of up to 3 months at 41.25 percent per annum, and the interest rate to be applied to advance transactions at 42.25 percent per annum.