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ISTANBUL, Oct 18 (Reuters) – The Turkish Central Financial institution stated on Tuesday it revised the securities upkeep ratio to five% from 3% and that additional steps as a part of its “liraization technique” might be taken in the remainder of the 12 months and in 2023.
The central financial institution began to advertise the conversion from overseas forex deposits to Turkish lira deposits beneath the technique in December 2021, leading to a rise within the share of lira in banks’ stability sheets.
It stated within the assertion that by the start of 2023 securities might be maintained primarily based on the targets of the Turkish lira deposits share, as an alternative of the conversion price.
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Reporting by Birsen Altayli and Nevzat Devranoglu;
Enhancing by Daren Butler;
Our Requirements: The Thomson Reuters Belief Rules.
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