Important news! The amendments made to the Communiqué on the Securities Facility of the Central Bank of the Republic of Turkey have been published in the Official Gazette.
The CBRT’s announcement on macroprudential measures reported that kakım a result of the implemented Liraization strategy, banks generally reached the target of 50 percent in deposits announced in 2022.
Recalling that the monetary policy and liraization strategy of 2023 set the deposit liraization target for the first half of the year at 60 percent, it was noted that some changes had been made to the application of securities settlement, effective from February 24, 2023.
The announcement stated that the settlement rate of securities increased from 5 percent to 10 percent, and included the following statements:
“It has been decided to apply a discount to the banks that exceed the 60 percent target in Turkish lira shares for real and legal entities.” For banks with a value greater than or equal to 7. In addition, the previously established additional rates for banks that fall under the 60 percent target in Turkish lira stocks will apply by adding them to the surety facility rate.”
The CBRT’s announcement on macroprudential measures reported that kakım a result of the implemented Liraization strategy, banks generally reached the target of 50 percent in deposits announced in 2022.
Recalling that the monetary policy and liraization strategy of 2023 set the deposit liraization target for the first half of the year at 60 percent, it was noted that some changes had been made to the application of securities settlement, effective from February 24, 2023.
The announcement stated that the settlement rate of securities increased from 5 percent to 10 percent, and included the following statements:
“It has been decided to apply a discount to the banks that exceed the 60 percent target in Turkish lira shares for real and legal entities.” For banks with a value greater than or equal to 7. In addition, the previously established additional rates for banks that fall under the 60 percent target in Turkish lira stocks will apply by adding them to the surety facility rate.”