Economy
Turkish Central Bank boosts swap auction limit
Total Turkish lira swap auction limit raised from 40% to 50%
Murat Birinci |
22.05.2020 - Update : 22.05.2020
ANKARA
The Turkish Central Bank on Friday boosted its lira swap sale limits from 40% to 50%, according to banking sources on Friday.
The bank increased the limit of the swap auctions in the Turkish Lira Swap Market for Foreign Exchange, as per a directive it sent to lenders.
Thus, the banks' flexibility in Turkish lira and foreign currency liquidity management will have further increased.
The decision will be implemented starting May 27.
*Written by Aysu Bicer
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