Turkish Central Bank Pulls Levers on Foreign Currency Deposits, Risks Bank Credit Quality
Posted on 05/27/2019
The Turkish lira continues to fall in value, falling around 36% since the start of 2018. The Central Bank of the Republic of Turkey increased reserve requirement rates by 200 basis points for all maturities on foreign exchange deposits at commercial banks. The central bank did this to dishearten people from converting the Turkish lira […]
