Turkish cenbank improves demanded reserves for foreign exchange deposits – Reuters
ANKARA, Dec 28 (Reuters) – The Turkish central bank explained on Saturday it improved reserve prerequisite ratios for overseas exchange deposits by 200 foundation points for all maturity brackets to aid monetary security.
“As a result of these revisions, approximately $2.9 billion of foreign exchange liquidity will be withdrawn from the market place,” it explained in a statement.
The revised ratios will be powerful straight away, it explained. (Writing by Ece Toksabay Editing by Robert Birsel)
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