Turkey's Central Bank Implements Simplified Rules Under New Governor Amid Lira Plunge.
The Central Bank of the Republic of Türkiye (CBRT) has simplified its securities maintenance regulation to increase the functionality of market mechanisms and strengthen macro-financial stability. The move is part of policies announced after the recent monetary policy committee meeting, and the simplification process will continue in a gradual manner. The securities maintenance ratio that Turkish banks are required to allocate to their foreign currency deposit has been reduced to 5% from 10%. With the new regulation, banks must maintain securities ranging between 3% and 12% of their lira deposits.