Central bank turns broker
The programme, effected on October 10, sees the CBRT acting as a central counterparty for interbank trades worth a minimum of $1 million with a delivery of up to 30 days. The central bank will net the trades from participating banks, and the transacting banks will be 'blind' to the counterparty on the other side.
"The Turkish banking system does not have any problems pertaining to foreign exchange liquidity," said the CBRT. "The objective is to prevent a decline in the flow of foreign exchange
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