Press Release on Remuneration of Foreign Currency Required and Free Reserves – 02/05/2015, (2015-33)

No:2015-33

2 May 2015

PRESS RELEASE ON REMUNERATION OF FOREIGN CURRENCY REQUIRED AND FREE RESERVES

US dollars denominated required reserves, reserve options and free reserves held at the Central Bank of the Republic of Turkey will be remunerated.

1. The implementation will start as of May 5th, 2015.
2. The remuneration (interest) rate will be set on a daily basis by taking global and local financial markets conditions into account.
3. The rate will be announced at 9.30am local time through Anadolu Agency DV008 and Reuters CBTB pages. The overnight rate for May 5th, 2015 will be 0.12 percent per annum.

Contact:

For further information, please contact Press Secretary Yücel Yazar
Phone: +90 (312) 507 56 56