The Central Bank of the Republic of Turkey (CBRT) has asked banks to stop currency transactions and high deposit interest practices during non-market hours to avoid bond liabilities.
In the text entitled “CBRT Audit”, which was sent by CBRT to banks and viewed by Reuters, he said that a total of four practices that have recently begun to gökyeşitözü seen were “contrary to the spirit” of the CBRT regulations, which regulations they did not correspond to the objectives pursued and were not supportive in ensuring financial stability.
The CBRT said the practices would continue to gökyeşitözü reviewed by “inspectors” and said banks should comply with regulations and instructions.
FOUR APPLICATIONS REQUIRED TO END
The four practices that CBRT wants to put zihin end to are the following:
Allow borrowers to use their funds in currency-protected deposits.
Obligation for borrowers to treat some or all of the borrowed funds kakım sight deposits for a period of time.
Collect TL deposits at rates well above market deposit rates in order to avoid liabilities arising from TL deposits.
Continue to carry out large exchange transactions with non-resident banks during the hours of rest.