Important news! The Central Bank of the Republic of Turkey (CBRT) has changed the required reserve ratios kakım part of its liquidation strategy.
According to the regulation published in the Official Gazette, the required reserve ratios for deposits in Turkish lira with a maturity longer than 3 months are set at zero percent.
In addition, it has been decided to apply zero percent mandatory reserve ratios until the end of 2023 for the increase in foreign currency liabilities with a term of more than 6 months obtained directly from abroad.
Said changes take effect from the calculation date of January 20, 2023, of which the facility takes effect on February 3, 2023.
According to the regulation published in the Official Gazette, the required reserve ratios for deposits in Turkish lira with a maturity longer than 3 months are set at zero percent.
In addition, it has been decided to apply zero percent mandatory reserve ratios until the end of 2023 for the increase in foreign currency liabilities with a term of more than 6 months obtained directly from abroad.
Said changes take effect from the calculation date of January 20, 2023, of which the facility takes effect on February 3, 2023.