For 6-month Exchange Rate Protected Deposit accounts, the Central Bank increased the required reserves by 10 points to 25 percent.
The Communiqué on the Amendment to the Central Bank's Communiqué on Required Reserves was published in today's Official Gazette.
Accordingly, while the required reserve ratio of Exchange Protected Deposits was differentiated according to maturity, the required reserve ratio of up to 6 months maturity, where KKM is concentrated, was increased by 10 points to 25 percent.
As a step to encourage the transition to TL time deposits, the required reserve ratio for Exchange Rate Protected Deposits with a maturity of up to 6 months (including 6 months) was increased to 25 percent.
While the required reserve rate for those with maturities up to 1 year and those with maturities of 1 year and longer is determined as 5 percent; demand, notice, up to 1 month and up to 3 month maturity was determined as 8 percent.
As you may remember, previously the obligation to establish reserve requirements in exchange rate protected accounts was 15 percent for all maturities.
📩 14/09/2023 09:47