Turkey's C.Bank raises required reserve ratio

The Central Bank of Turkey raised Turkish lira required reserve ratio on Monday.

Turkey's C.Bank raises required reserve ratio

The Central Bank of Turkey raised Turkish lira (TL) required reserve ratio on Monday.

The reserve ratio for current, call and special accounts was up to 12 percent from 8 percent. The bank raised reserve ratio for up to one-month deposits/participation accounts to 10 percent from 8 percent, and for up to three-month deposits and special funds to 9 percent from 7 percent.

The Central Bank increased reserve ratio for liabilities other than deposits/participation funds to 9 percent from 8 percent.

The decision will be valid as of February 4.

Thus, the bank will draw almost 9.8 billion TL (6.2 billion USD) of liquidity from markets.


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Last Mod: 24 Ocak 2011, 14:01
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