Türkiye continues to simplify macroprudential framework

Country reduces foreign exchange sales obligation to central bank from 70% to 40%, Treasury minister says

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye continues to simplify the macroprudential framework as macro financial stability and reserves strengthen, the Treasury and Finance ministry said Saturday.

Mehmet Simsek, the head of the ministry, noted on X that in November, Türkiye reduced the foreign exchange sales obligation to the central bank from 70% to 40% for exporters using rediscount credits.

"With the new regulation, we reduced the sales obligation for all export proceeds and foreign currency-earning service revenues from 40% to 30%," he said.

He added that the country's simplification steps will continue for the markets to function more effectively.

Kaynak:

This news has been read 129 times in total