ISTANBUL, Nov 9 (Reuters) - Turkey raised the required reserves ratio for foreign currency liabilities by 200 basis points, according to a decision
ISTANBUL, Nov 9 (Reuters) – Turkey raised the required reserves ratio for foreign currency liabilities by 200 basis points, according to a decision published in the Official Gazette early on Tuesday.
The ratio for deposit and participation funds was raised to 19-25% and 22-26% for precious metals accounts at different maturity brackets, the notice said.
Reporting by Ezgi Erkoyun and Ali Kucukgocmen; Writing by Tuvan Gumrukcu; Editing by Chris Reese
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