Money

Turkish Central Bank boosts swap auction limit

Total Turkish lira swap auction limit raised from 40% to 50%

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.

Source
Anadolu Agency

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