TCMB - Press Release on Reserve Requirements (2024-07)
Central bank: tcmb | Type: decision | Date: 2024-02-05

Press Release on Reserve Requirements (2024-07)
No: 2024-07
5 February 2024
Press Release on Reserve Requirements
In order to strengthen the monetary transmission mechanism, increase the share of Turkish lira deposits, and support the transition from FX-protected deposits to Turkish lira deposits, reserve requirements of eligible deposit banks maintained for their Turkish lira deposit and FX-protected deposit accounts with a maturity longer than one month will be subject to remuneration every three months.
On the other hand, participation banks will be provided with a discount on the amount of their Turkish lira reserve requirements to ensure a similar effect.
Press Release on Reserve Requirements (2024-07)