Turkish central bank to apply commission on forex required reserves: Bloomberg HT
Reuters
Published Jan 02, 2020 03:14PM ET
Turkish central bank to apply commission on forex required reserves: Bloomberg HT
ISTANBUL (Reuters) - Turkey's central bank will begin applying a commission on foreign currency required reserves, broadcaster Bloomberg HT reported on Thursday.
The bank will charge an annual 0.025% on required reserves for U.S. dollar-denominated deposits and participation funds, the report said, citing three sources.
It will charge an annual 0.0025% on required reserves for non-U.S. dollar-denominated deposits and participation funds that are held in euros and U.S. dollars, it said.
The new regulation will take effect on Jan. 10, the report said.
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Written By: Reuters
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