Press Release on Macroprudential Framework (2024-62)
No: 2024-62
November 22, 2024
Press Release on Macroprudential Framework
In light of the rising share of Turkish lira (TRY) deposits, the Central Bank of the Republic of Türkiye has decided to take the following simplification steps:
- Reserve requirement ratios for TRY deposits and the ratio for TRY-denominated required reserves that should be maintained for foreign currency (FX) deposits have been changed as follows. The reserve requirements according to the new ratios will be maintained as of December 6, 2024.
|
|
Previous Ratio | New Ratio |
| Short-term TRY deposits1 | 15% | 17% |
| Maintenance of TRY for FX deposits | 5% | 4% |
- The TRY deposit share target for legal persons has been abolished.
- The total target for KKM accounts’ transition to TRY and renewals has been reduced from 75% to 70%.
(1) Turkish lira deposits/participation funds (excluding deposits/participation funds obtained from banks abroad) – Demand, notice, with maturities up to 1 month and up to (and including) 3 months
Contact
For further information, please send an e-mail to basin@tcmb.gov.tr.