Turkey's Central Bank raises swap sale limits
Turkey's Central Bank on Thursday increased the transaction limit of total swap sales which have not matured in the Turkish lira currency swap market.
THE MOVE AIMS TO BOLSTER RESERVES
Lenders’ limits will be 30 percent of their pre-determined Foreign Exchange and Banknotes Market transaction limits, up from 20 percent for non-matured transactions, according to a statement from the Central Bank.
On Monday, the limit was raised to 20 percent from 10 percent.