Press Release on Reserve Requirements - 17/11/2016, (2016-52)

No: 2016-52

17 November 2016

Press Release on Reserve Requirements

Reserve option coefficients have been changed to provide additional FX liquidity to the financial system. Accordingly, the coefficient for the first tranch of the FX facility of Reserve Option Mechanism has been kept unchanged, the second tranch has been decreased by 0.1 point, the other tranches have been decreased by 0.2 points. Should the reserve option utilization rates remain unchanged, approximately 700 million US dollars of liquidity will be provided to the financial system with these changes.

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