Turkish watchdog cuts banks’ forex to capital ratio limit

© Wire service. SUBMIT PHOTOGRAPH: A U.S. one buck banknote is actually translucented a cumulative lense in addition to Turkish lira banknotes within this depiction consumed Istanbul, Chicken Nov 23, 2021. REUTERS/Murad Sezer/Illustration/File Picture

ISTANBUL (Wire Service) – Chicken’s BDDK financial guard dog has actually prepared the international unit of currency internet setting to regular funding proportion for financial institutions at an optimum 5% depending on to a law posted in the nation’s main gazette on Sunday.

The modification works on January 9, it pointed out.

The policy was actually final modified in 2014 when it was actually evaluated an optimum of twenty%, the Anadolu condition news organisation disclosed.