Recent DevelopmentThe Central Bank of Turkey amended the Communiqué No. 2013/15 on Mandatory Reserves (the “Amendment”). The Amendment was published in the Official Gazette No. 30688 on February 16, 2019. What’s New?
Conclusion The Amendment aims to increase banks’ liquidity by decreasing mandatory reserve ratios and increasing the facility to set aside reserves as gold. |
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20/02/2019 09/06/2022
Turkish Central Bank Decreases Mandatory Reserve Requirements
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