• İstanbul 20 °C
  • Ankara 16 °C

Turkish Central Bank opens FX gold swap market

Turkish Central Bank opens FX gold swap market
New market meant to increase banks' efficiency in liquidity management, says Central Bank

By Muhammed Ali Gurtas

ANKARA (AA) - The Central Bank of Turkey (CBRT) on Tuesday opened a foreign exchange gold swap market.

In a written statement, the CBRT said the move was meant to increase banks' efficiency in liquidity management.

"The transactions will be conducted both on the buy or sell sides via quotation method with banks authorized in the foreign exchange and banknotes market within their pre-determined limits.

"The transactions to be conducted in the aforementioned market on behalf of the Central Bank will start on Wednesday," it said.

The CBRT added that details regarding these transactions would be announced daily via data vendors.

source: News Feed
This news is a total 66 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
Haber Scripti: CM Bilişim