ID :
170323
Wed, 03/23/2011 - 16:17
Auther :
Shortlink :
https://oananews.org//node/170323
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Turkey's Central Bank raises required reserve ratio by 2-5 pts
ANKARA (A.A) - 23.03.2011 - The Central Bank of Turkey raised on Wednesday Turkish lira (TL) required reserve ratio by 2-5 points.
A bank statement said the bank raised TL reserve ratio for current accounts and short-term deposits/participation funds and other liabilities.
Accordingly, the reserve ratio for current, call and special accounts was up to 15 percent from 12 percent. The bank raised reserve ratio for up to one-month deposits/participation accounts to 15 percent from 10 percent; and for up to three-month deposits and special funds to 13 percent from 9 percent.
The Central Bank increased reserve ratio for liabilities other than deposits/participation funds to 13 percent from 9 percent.
The decision will be valid as of April 1.
Thus, the bank will draw almost 19.1 billion TL (12.2 billion USD) of liquidity from markets.
A bank statement said the bank raised TL reserve ratio for current accounts and short-term deposits/participation funds and other liabilities.
Accordingly, the reserve ratio for current, call and special accounts was up to 15 percent from 12 percent. The bank raised reserve ratio for up to one-month deposits/participation accounts to 15 percent from 10 percent; and for up to three-month deposits and special funds to 13 percent from 9 percent.
The Central Bank increased reserve ratio for liabilities other than deposits/participation funds to 13 percent from 9 percent.
The decision will be valid as of April 1.
Thus, the bank will draw almost 19.1 billion TL (12.2 billion USD) of liquidity from markets.
