New regulation from the Central Bank for short-term debts

The Central Bank of the Republic of Turkey aims to ensure financial stability by increasing reserve requirement ratios for short-term Turkish lira debts.

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New regulation from the Central Bank for short-term debts

The Central Bank of the Republic of Turkey has made changes to reserve requirement ratios for short-term Turkish lira debts obtained from abroad in order to ensure macro-financial stability and strengthen the monetary transmission mechanism.

According to the statement, the 12 percent reserve requirement ratio applied to funds obtained from Turkish lira-denominated repo transactions abroad and loans received from abroad with maturities of up to 1 year has been differentiated based on maturity.

Accordingly, this rate has been increased to 18 percent for maturities of up to 1 month and to 14 percent for maturities of up to 3 months.

News Source: 12punto