New steps to support the Turkish Lira came into play

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Lerato Khumalo

The decisions taken by the Ministry of Treasury and Finance and the Central Bank of the Republic of Türkiye (CBRT) entered into force.

Accordingly, until July 31, 2025, the export price requirement was increased to 35 percent, while foreign exchange transformation support was increased to 3 percent.

With the amendments made by the CBRT within the scope of the necessary provision application, the target of TL share for the deposit was re -commissioned.

Foreign currency deposits and domestic residents in foreign currency repo transactions were increased. In addition, the interest and compensation rates paid to the Turkish lira requirements were increased.

Recently, foreign currency deposit increase was mainly due to commercial deposit. Turkish Lira share is expected to increase in the banking system with new steps.