CBRT improves swap increase to 40 percent!

CBRT increased the swap increase to 40 percent. The Turkish Central Bank, the equivalent TL currency swap market has not yet reached Maturity Swaps total sales limit, increased from 30 percent to 40 percent. The CBRT increased the overall swap sell limit from 30 percent to 40 percent, which continues to mature in the TL swap market. According to the Anatolia News Agency correspondents, in the Republic of Turkey, the central bank's letter sent the way to the bank, "Foreign exchange reserves total swap sales improper swap market Turkish lira (receiving foreign currency on the spot from the central bank, foreign currency sold when due) Informing the transaction amounts on foreign exchange markets is limited to 40 percent of the transaction limits. "He added his statements. On April 22, the corresponding limit was raised by the CBRT from 20 to 30 percent. Analysts said the decision made would allow banks to trade more with the CBRT and the central bank could increase its reserves in this way.