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الاقتصادية
Turkey's lira support plan
The Turkish central bank decided to pay banks a return in lira on their required reserves against non-deposit liabilities with maturities of more than one year, in order to encourage long-term financing in lira and foreign currencies. It also raised the growth limits for general-purpose, auto and corporate loans by 0.5%. The move is intended to support banks’ liquidity and ease pressure on the lira, but it does not require banks to sell foreign currency. Its impact will therefore depend on whether the financing translates into actual inflows or increases the supply of dollars. The move came as the dollar rose 0.06% to 50.26 lira, net international reserves fell to $38.01 billion, and annual inflation stood at 29.8%.
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