Press Release on Reserve Requirements (2024-07)

No: 2024-07

5 February 2024

Press Release on Reserve Requirements

In order to strengthen the monetary transmission mechanism, increase the share of Turkish lira deposits, and support the transition from FX-protected deposits to Turkish lira deposits, reserve requirements of eligible deposit banks maintained for their Turkish lira deposit and FX-protected deposit accounts with a maturity longer than one month will be subject to remuneration every three months.

On the other hand, participation banks will be provided with a discount on the amount of their Turkish lira reserve requirements to ensure a similar effect. 
 

Contact

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