Turkish central bank supplies lira through stock exchange

Governor acknowledges unconventional short-term liquidity provision, as traditional repo operations come to a halt

central-bank-of-the-republic-of-turkey-2
The Central Bank of the Republic of Turkey

The Central Bank of the Republic of Turkey (CBRT) is providing the financial market with lira through Istanbul’s stock exchange, rather than using short-term repurchase agreements offered through its own facilities.

On October 31, governor Murat Uysal acknowledged the institution was using this unconventional mechanism to address the system’s local currency shortage.

Speaking at a press conference, he said the outstanding value of the stock exchange swaps market hovered at around $12 billion

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: