ANKARA, Dec 27 (Reuters) - The Turkish central bank told banks on Monday it would provide support for forex-protected lira deposits by not applyin
ANKARA, Dec 27 (Reuters) – The Turkish central bank told
banks on Monday it would provide support for forex-protected
lira deposits by not applying required reserve ratios on these
accounts, a document seen by Reuters said.
The central bank also told private and public banks it would
pay 14% remuneration for 16% of forex protected Turkish lira
deposits, the document showed.
(Reporting by Ebru Tuncay
Writing by Ece Toksabay
Editing by Chris Reese)
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