Turkish Central Bank raises reserve requirements for FX

August 05 2019 11:10:37

Turkish Central Bank raises reserve requirements for FX

ANKARA-Anadolu Agenc

The Central Bank of Turkey (CBRT) changed reserve requirement ratios to support financial stability on Aug. 5.

"Reserve requirement ratios for FX deposits/participation funds have been increased by 100 basis points for all maturity brackets, and the remuneration rate for US dollar-denominated required reserves, reserve options and free reserves held at the CBRT has been decreased by 100 basis points and set as 1%," it said in a statement.

The bank expects nearly $2.1 billion of FX liquidity withdrawn from the market as a result of the move.

Treasury raises $2.5 billion via lease certificate issuance

Plan to renationalize UK railways gets green light

Central Bank once again keeps interest rate on hold at 50 pct

Turkish households solely powered by wind and solar

Consumer confidence weakens in November, shows TÜİK data

Number of EVs on Türkiye’s roads exceeds 150,000

Indian billionaire Gautam Adani charged with fraud

WORLD

ICC issues arrest warrants for Israeli Premier Netanyahu, Gallant, Deif

In a landmark move, the International Criminal Court on Thursday announced it had issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant over war crimes it accuses them of carrying out in Palestinian territories, including Gaza.

ECONOMY

Treasury raises $2.5 billion via lease certificate issuance

The Treasury and Finance Ministry has issued lease certificates in the international capital markets with a size of $2.5 billion and a maturity of 5.5 years.

SPORTS

Türkiye heads to Nations League playoffs after Montenegro loss

Türkiye spurned the opportunity to finish atop its group in the UEFA Nations League and qualify for League A directly with a 3-1 loss at Montenegro on Nov. 19 night.