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The Turkish Central Bank said on Tuesday it revised the
securities maintenance ratio to 5% from 3% and that further steps
as part of its “liraization strategy” will be taken in the rest of
the year and in 2023, Trend reports citing Reuters.
The central bank started to promote the conversion from foreign
currency deposits to Turkish lira deposits under the strategy in
December 2021, resulting in an increase in the share of lira in
banks’ balance sheets.
It said in the statement that by the beginning of 2023
securities will be maintained based on the targets of the Turkish
lira deposits share, instead of the conversion rate.
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