Limit Stretched in Swap Transactions, USD / TL Decreased

Limit Stretched in Swap Transactions, USD / TL Decreased The limit in swap transactions was stretched, USD / TL decreased. BDDK increased the limits on swap transactions made with foreign banks. However, the dollar / TL rate fell. The Banking Regulation and Supervision Agency (BDDK) decided to stretch the limits in swap transactions with foreign banks. The dollar / TL exchange rate, which completed Tuesday at the level of 8.1588, decreased to 8.0896 in the morning after the normalization step. In the statement made by the BDDK, the total of these transaction amounts is determined as the ratio of banks last calculated legal equity to 5 percent instead of 2 percent for transactions with 7 days to maturity, 10 percent instead of 5 percent for transactions with 30 days to maturity, and 1 year to maturity. There were statements stating that it was re-determined as 30 percent instead of 20 percent. After the swap limits were limited to 1 percent of the legal equity in April, normalization steps were taken from July to this day. With this step, for the second time, the limits in swap transactions made with foreign banks were relaxed. After rising to 8.2099 in the morning, the USD / TL rate was traded at 8.1309 with a 0.36 percent decline at 9.45 am.