Press Release on Reserve Options – 26/12/2015, (2015-71)

No: 2015-71

26 December 2015

PRESS RELEASE ON RESERVE OPTIONS

Automatic stabilizing feature of the Reserve Options Mechanism (ROM) will be strengthened in accordance with the article 46 of the text of Monetary and Exchange Rate Policy for 2016.

Accordingly, in the calculation of the amount of FX that will be held under ROM for Turkish Lira liabilities, arithmetic average of the foreign exchange buying rates published in the Official Gazette on the days between the calculation date and the third business day prior to the start of the maintenance period will be used, instead of the exchange rate pertaining to the calculation date.

This amendment will be effective as of the calculation date of 31 December 2015 and the corresponding maintenance date of 15 January 2016.

 

Contact:

For further information, please contact Press Secretary Yücel Yazar

Tel No: +90 (312) 507 56 56