TCMB - Press Release on Macroprudential Framework (2024-62)
Central bank: tcmb | Type: decision | Date: 2024-11-22

Press Release on Macroprudential Framework (2024-62)
No: 2024-62
November 22, 2024
Press Release on Macroprudential Framework
Reserve requirement ratios for TRY deposits and the ratio for TRY-denominated required reserves that should be maintained for foreign currency (FX) deposits have been changed as follows. The reserve requirements according to the new ratios will be maintained as of December 6, 2024.
Previous Ratio
Short-term TRY deposits
Maintenance of TRY for FX deposits
The TRY deposit share target for legal persons has been abolished.
The total target for KKM accounts’ transition to TRY and renewals has been reduced from 75% to 70%.
(1) Turkish lira deposits/participation funds (excluding deposits/participation funds obtained from banks abroad) – Demand, notice, with maturities up to 1 month and up to (and including) 3 months
Press Release on Macroprudential Framework (2024-62)