Forex News

Turkish regulator lowers banks’ maximum forex-to-capital ratio

The foreign currency net position to standard capital ratio for banks has been established by Turkey’s BDDK banking watchdog at a maximum of 5%, per a rule that was published in the nation’s official gazette on Saturday.

It said that the change became effective on January 9.


The regulation was last changed in 2014, when a 20% cap was imposed, according to the state news agency Anadolu.

Related: The Turkish Competition Board gives out fines; $18.6 million goes to Meta Platforms.


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