Reserve Requirement Ratios
Reserve Requirement Ratios (%)
Turkish lira
Liabilities Ratios
Demand deposits, notice deposits and private current accounts, deposits/participation accounts with maturities up to 1-month and 3 months (including 1 and 3 months)(*) 11.5
Deposits/participation accounts up to 6-month maturity (including 6-month)(*) 8.5
Deposits/participation accounts up to 1-year maturity (*) 6.5
Deposits/participation accounts with 1-year and longer maturity and cumulative deposits/participation accounts 5
Other liabilities up to 1-year maturity (including 1-year) (*) 11.5
Other liabilities up to 3-year maturity (including 3-year) 8
Other liabilities longer than 3-year maturity 5
Foreign Exchange
Liabilities Ratios
FX and precious metal demand deposits, notice deposits and FX private current accounts, deposits/participation and precious metal deposit accounts up to 1, 3, 6 months (including 1, 3, 6 months) and 1-year maturities(**) 13
FX deposits / participation accounts with 1-year and longer maturity and cumulative FX deposits / participation account 9
Other FX liabilities up to 1-year maturity (including 1-year) (**) 13
Other FX liabilities up to 3-year maturity (including 3-year) (**) 11
Other FX liabilities longer than 3-year maturity 6

Basically, reserve requirements are maintained in terms of Turkish lira for Turkish lira liabilities and in terms of US dollar and/or euro for foreign exchange liabilities at the accounts of the CBRT. Nevertheless, a certain portion of the Turkish lira reserve requirements can be kept in US dollars and/or euro or as standard gold. Meanwhile, the entire amount of precious metal deposit accounts that should be maintained for reserve requirements for FX liabilities can be kept in the form of standard gold in blocked accounts.


Gold deposit accounts have been included in the liabilities subject to reserve requirements as of 14 October 2011.


(*) Turkish lira reserve requirement ratios for demand deposits, notice deposits and private current accounts and deposits/participation accounts with maturities of up to 1 month and 3 months (including 1 and 3 months) have been increased from 11.25 percent to 11.5 percent; for deposits/participation accounts with maturities of up to 6 months (including 6 months) from 8.25 percent to 8.5 percent; for deposits/participation accounts with maturities of up to 1 year from 6.25 percent to 6.5 percent; and for other Turkish lira liabilities with maturities of up to 1 year (including 1 year) from 11.25 percent to 11.5 percent.


(**) FX reserve requirement ratios for FX and precious metal demand deposits, notice deposits and FX private current accounts, deposits/participation and precious metal deposit accounts with maturities of up to 1, 3 and 6 months (including 1, 3 and 6 months) and 1 year; other FX liabilities with maturities of up to 1 year (including 1 year) and other FX liabilities with maturities of up to 3 years (including 3 years) have been increased by 0.5 points.

The changes stated above will be effective as of the calculation period dated 1 March 2013, and the maintenance period will begin on 15 March 2013.



Press Releases on Required Reserves

 


Press Release on Reserve Requirements - 24/12/2013, (2013-68)


Press Release on the Inclusion of Financing Companies in the Reserve Requirements Coverage - 04/10/2013, (2013-53)


Press Release on Reserve Requirements- 21/05/2013, (2013-22)


Press Release on Reserve Requirements - 17/04/2013, (2013-18)


Press Release on Reserve Requirements - 28/03/2013, (2013-13)


Press Release on Reserve Requirements - 21/02/2013, (2013-09)


Press Release on Reserve Requirements - 25/01/2013, (2013-03)


Press Release on Required Reserves - 19/12/2012, (2012-60)


Press Release on Raising the Reserve Option Coefficients - 22/11/2012, (2012-55)


Press Release on Raising the Reserve Option Coefficients - 19/10/2012, (2012-50)


Press Release on Raising the Reserve Option Coefficients - 18/09/2012, (2012-44)


Press Release on the Maintenance of Foreign Exchange Reserve Requirements - 11/09/2012, (2012-42)


Press Release on the Facility of Maintaining Reserve Requirements in Foreign Exchange and Gold - 16/08/2012, (2012-38)


Press Release on the Technicalities of Maintaining Turkish Lira Reserve Requirements - 03/08/2012, (2012-36)


Press Release on the Facility of Maintaining Reserve Requirements in Foreign Exchange - 19/07/2012, (2012-33)


Press Release on the Facility of Maintaining Reserve Requirements in Foreign Exchange and Gold - 22/06/2012, (2012-28)


Press Release on the Facility of Maintaining Reserve Requirements in Foreign Exchange - 31/05/2012, (2012-22)


Press Release on the Facility of Maintaining Reserve Requirements as "Standard Gold” - 29/03/2012, (2012-15)


Press Release on Required Reserves - 27/10/2011, (2011-48)


Press Release on Required Reserves - 06/10/2011, (2011-43)


Press Release on FX Reserves and Additional Required Reserves Facility - 05/10/2011, (2011-42)


Press Release on Required Reserves - 05/10/2011, (2011-40)


Required Reserves, Rediscount Credit Implementations and Foreign Exchange Selling Auctions - 12/09/2011, (2011-35)


Press Release on Required Reserves - 05/08/2011, (2011-30)


Press Release on Required Reserves - 05/08/2011, (2011-29)


Press Release on Required Reserves - 25/07/2011, (2011-23)


Press Release on Required Reserves - 21/04/2011, (2011-10)


Press Release on Required Reserves - 23/03/2011, (2011-07)


Press Release on Required Reserves - 24/01/2011, (2011-02)


Press Release on Required Reserves - 17/12/2010, (2010-41)


Press Release on Required Reserves - 12/11/2010, (2010-38)


Press Release on Required Reserves - 23/09/2010, (2010-29)


Press Release on Required Reserves - 29/07/2010, (2010-24)


Press Release on Required Reserves - 26/04/2010, (2010-13)


Press Release on Required Reserves - 16/10/2009, (2009-31)


Press Release on Required Reserves - 05/12/2008, (2008-37)


Press Release on The Interest Rate on New Turkish Lira (YTL) Required Reserves - 04/01/2006, (2006-03)