Press Release On Foreign Exchange And Banknotes Markets Transaction Limits – 29/08/2015, (2015-52)

No:2015-52

29 August 2015

Press Release On Foreign Exchange And Banknotes Markets Transaction Limits

1- As stated in the “Road Map during the Normalization of Global Monetary Policies”, to support the foreign exchange liquidity, the transaction limits of the banks in the CBRT Foreign Exchange and Banknotes Markets have been increased approximately by 130 percent to USD 50 billion (as calculated by today’s EURUSD parity) from September 1, 2015.

2- The banks will be informed on the USD and EUR transaction limits separately.

3- In this framework, the sum of the Foreign Exchange Deposit limits allocated to the banks and the foreign exchange and gold assets held at the CBRT through the ROM facility will meet more than the banks’ external FX debt payments in the coming year including their branches abroad.

Contact:

For further information, please contact Press Secretary Yücel Yazar

Tel No: +90 312 507 5656