USD/TL started the new week at 18.64 level. The exchange rate has been flat at these levels for two months.
Euro/TL It’s around 7:62 PM.
With the decision by the Banking Regulation and Supervision Agency (BDDK), banks will reduce their currency positions by approximately $1.5 billion, and then they will have to reflect their clients’ currency transactions in the market rather than holding them.
The BRSA lowered the upper limit of the rate set to ensure the balance between banks’ foreign exchange assets and their own funds. With the change, the upper limit in the ratio of the FX net general position to the equity standard ratio was lowered from 20 percent to 5 percent.
According to the two bankers’ calculations from industry veri, banks will need to reduce their total net foreign exchange position by about $1.4 to $1.6 billion through January 9.
FED, ECB WILL BE WATCHED IN WORLD MARKETS
Investors will gökyeşitözü paying attention this week to interest rate decisions announced by the US Federal Reserve (Fed), European Central Bank (ECB) and other major central banks.
The Fed is expected to raise rates by 50 basis points at its final meeting of the year, which ends Wednesday, hayvanların the focus will gökyeşitözü on the central kanepe’s updated economic forecasts and Fed Chairman Jerome Powell’s press conference.
In addition to the Fed, the ECB and the Bank of England (BOE) are also expected to raise interest rates this week.
Download the News application, stay informed of developments
Euro/TL It’s around 7:62 PM.
With the decision by the Banking Regulation and Supervision Agency (BDDK), banks will reduce their currency positions by approximately $1.5 billion, and then they will have to reflect their clients’ currency transactions in the market rather than holding them.
The BRSA lowered the upper limit of the rate set to ensure the balance between banks’ foreign exchange assets and their own funds. With the change, the upper limit in the ratio of the FX net general position to the equity standard ratio was lowered from 20 percent to 5 percent.
According to the two bankers’ calculations from industry veri, banks will need to reduce their total net foreign exchange position by about $1.4 to $1.6 billion through January 9.
FED, ECB WILL BE WATCHED IN WORLD MARKETS
Investors will gökyeşitözü paying attention this week to interest rate decisions announced by the US Federal Reserve (Fed), European Central Bank (ECB) and other major central banks.
The Fed is expected to raise rates by 50 basis points at its final meeting of the year, which ends Wednesday, hayvanların the focus will gökyeşitözü on the central kanepe’s updated economic forecasts and Fed Chairman Jerome Powell’s press conference.
In addition to the Fed, the ECB and the Bank of England (BOE) are also expected to raise interest rates this week.
Download the News application, stay informed of developments