13 August 2018
Press Release on Reserve Requirements
To support effective functioning of financial markets and flexibility of the banks in their liquidity management;
- Turkish lira reserve requirement ratios have been reduced by 250 basis points for all maturity brackets.
- Reserve requirement ratios for non-core FX liabilities have been reduced by 400 basis points for the following maturities.
|Other FX Liabilities||Current Reserve Requirement Ratios||New Reserve Requirement Ratios|
|Up to (and including) 1-year maturity||24%||20%|
|Up to (and including) 2-year maturity||19%||15%|
|Up to (and including) 3-year maturity||14%||10%|
- The maximum average maintenance facility for FX liabilities has been raised to 8 percent.
- In addition to US dollars, euro can be used for the maintenance against Turkish lira reserves under the reserve options mechanism.
With this revision, approximately 10 billion TL, 6 billion US dollars, and 3 billion US dollars equivalent of gold liquidity will be provided to the financial system.
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