TCMB - CBRT has revized FX Reserve Requirement ratios.(2019-38)
Central bank: tcmb | Type: decision | Date: 2019-09-20

CBRT has revized FX Reserve Requirement ratios.(2019-38)
No: 2019-38
20 September 2019
CBRT has revized FX Reserve Requirement ratios.
To support financial stability, reserve requirement ratios for FX deposits/participation funds have been increased by 100 basis points for all maturity brackets. As a result of these revisions approximately USD 2.1 billion of FX liquidity will be withdrawn from the market.
The revized ratios will be effective from the calculation period of 20 September 2019 with the maintenance period starting on 4 October 2019.
CBRT has revized FX Reserve Requirement ratios.(2019-38)