Mandatory reserve step of the Central Bank

Last month, as the first step in the simplification process, a new step was taken by the Central Bank, which reduced TL’s peso liability in banks’ balance sheets from 60 percent to 57 percent, and reduced the security facility rate from 10 percent to 5 percent. percent for banks that defaulted on their obligations.

With the statement published in the Official Gazette today, the target weight of TL that banks maintain in their balance sheets for reserve requirements was reduced from 60 percent to 57 percent.

ENTERED BY FORCE

The notice included the following statements:

“The phrase “60 percent” of the first paragraph of article 10/C of the Statement on Required Reserves published in the Official Gazette dated December 25, 2013 and numeral 28862 was changed to “57 percent” and the following sentence was added to the same paragraph:

The additional rate in this paragraph is applied taking into account the largest share of the deposit/participation fund in Turkish lira in the total deposit/participation fund calculated as of the relevant calculation date and the last two previous calculation dates, for separate for real and legal property. people

The Communiqué entered into force on July 7.