Turkish banking watchdog raises limit banks’ lira transactions abroad
Turkey’s banking watchdog said on Monday that it will raise the limit on banks’ Turkish currency placements, depo and repo transactions and loans with foreign financial institutions to 2.5 percent of their legal capital from 0.5 percent.
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The banking authority said local banks’ overdraft lira loan facilities with foreign financial institutions are not considered part of this limit.
Read more: Turkish Lira drops most since 2019 as thin liquidity amplifies declines
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