PUBLICATIONS

The Act No. 7144 Amending Certain Acts (“Act No. 7144”) was published in the Official Gazette on 25 May 2018 and introduced, among others, certain changes to the Act on Protection of the Value of Turkish Currency No. 1567 (“Act No. 1567”).  Despite the significant amendment proposals submitted to the parliament in the draft law, it is observed that most of these proposals, which have caused many speculations during the past days, were rejected by the general assembly of the parliament. 

As per the Communiqué on Amendments to the Communiqué on Required Reserves published in the Official Gazette dated 19.11.2016 and numbered 29893, reserve requirement ratios and reserve option coefficients have been amended in order to provide additional FX liquidity to the financial system. In this context, the coefficients for the first segment of the FX facility of Reserve Option Mechanism have remained the same, the second segment has been decreased by 0.1 point, and the other segments have been decreased by 0.2 points.