{"id":4001,"date":"2015-01-04T08:13:23","date_gmt":"2015-01-04T13:13:23","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4001"},"modified":"2015-01-04T08:13:23","modified_gmt":"2015-01-04T13:13:23","slug":"turkeys-central-bank-raises-ratio-for-fx-reserve-requirements-bloomberg","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4001","title":{"rendered":"Turkey\u2019s Central Bank Raises Ratio for FX Reserve Requirements – Bloomberg"},"content":{"rendered":"

Turkey\u2019s Central Bank Raises Ratio for FX Reserve Requirements – Bloomberg<\/a>.<\/p>\n

Turkey\u2019s central bank increased the foreign-currency reserve ratios required of banks and financing companies, after a month in which the lira was among the world\u2019s worst-performing emerging-markets currencies.<\/p>\n

The revision announced today is intended to make sure institutions can meet foreign-exchange liabilities. It would add approximately $3.2 billion to the central bank\u2019s foreign currency reserves, the bank said in a\u00a0statement<\/a>\u00a0on its website. The average reserve requirement ratio for foreign currency, now 11.7 percent, will rise to 12.8 percent, it said.<\/p>\n

Turkish central bank Governor Erdem Basci warned Dec. 10 in Ankara that the bank would take measures against excessive short-term foreign currency borrowing by Turkish banks. The International Monetary Fund had urged Turkey to raise reserve requirements for foreign-currency liabilities in a report on Dec. 5, saying that reducing bank incentives to fund themselves in foreign currency would limit the risk of a balance-of-payments crisis.<\/p>\n

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<\/a><\/a><\/a><\/a><\/a><\/a><\/a><\/a><\/a>…click on the above link to read the rest of the article…<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

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Turkey\u2019s Central Bank Raises Ratio for FX Reserve Requirements – Bloomberg. Turkey\u2019s central bank increased the foreign-currency reserve ratios required of banks and financing companies, after a month in which the lira was among the world\u2019s worst-performing emerging-markets currencies. The revision announced today is intended to make sure institutions can meet foreign-exchange liabilities. It would […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[122,1976,2386,818],"class_list":["post-4001","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-bank","tag-currency-crisis","tag-currency-reserves","tag-turkey"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4001"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4001\/revisions"}],"predecessor-version":[{"id":4002,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4001\/revisions\/4002"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}