Press Release on Reserve Requirements (2019-08)

No: 2019-08

16 February 2019

Press Release on Reserve Requirements

Turkish lira reserve requirement ratios have been reduced by 100 basis points for deposits and participation funds with maturities up to 1-year and for other liabilities with maturities up to (and including) 3-year, and by 50 basis points for all other liabilities subject to reserve requirements.

Furthermore, the upper limit of the facility of holding standard gold converted from wrought or scrap gold collected from residents has been increased from 5% to 10% of Turkish lira reserve requirements.

Contact

For further information, you may send an e-mail to basin@tcmb.gov.tr.