Economic news
Turkey reduces bank limit
2022.12.10 02:37
Turkey reduces bank limit
Budrigannews.com – The foreign currency net position to standard capital ratio for banks has been set at a maximum of 5% by Turkey’s BDDK banking watchdog, according to a regulation that was published in the country’s official gazette on Saturday.
It stated that the amendment takes effect on January 9.
According to the Anadolu state news agency, the most recent change to the regulation was in 2014, when it was set at a maximum of 20%.
