Press Release on Financial Markets - 17/07/2016, (2016-27)

No: 2016-27

17 July 2016

Press Release on Financial Markets

 

The following measures have been taken for the efficient functioning of markets:

1) The Central Bank will provide banks with needed liquidity without limits.

2) Commission rate for the Intraday Liquidity Facility will be zero.

3) Banks will be allowed to place foreign exchange deposit as collateral without limits for needed Turkish lira liquidity.

4) Banks’ current foreign exchange deposit limits of around 50 billion US dollars may be increased and utilization conditions (collateral and cost) may be improved if deemed necessary.

5) All markets and systems (the Electronic Fund Transfer and the Electronic Security Transfer and Settlement systems) will be left open until final settlement of transactions.

6) Market depth and prices will be closely monitored.

7) All measures will be taken to ensure financial stability, if deemed necessary.

 

Contact:

For further information, please contact Press Secretary Yücel Yazar

Phone: +90 (312) 507 56 56