TCMB - Press Release on Reserve Requirements – 09/08/2016, (2016-34)
Central bank: tcmb | Type: decision | Date: 2016-08-09

Press Release on Reserve Requirements – 09/08/2016, (2016-34)
No: 2016-34
09 August 2016
PRESS RELEASE ON RESERVE REQUIREMENTS
Reserve requirement ratios and reserve option coefficients have been changed as follows.
Turkish lira reserve requirement ratios have been decreased by 50 basis points for all maturity brackets.
In the context of Reserve Options Mechanism, coefficients for the second, third and fourth tranches of the FX facility and for the first two tranches of the gold facility have been increased by 0.1.
Should the reserve option utilization rates remain unchanged, approximately 1.1 billion Turkish liras and 600 million US dollars of liquidity would be provided to the financial system with these changes.
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Press Release on Reserve Requirements – 09/08/2016, (2016-34)