© Reuters. FILE PHOTO: A U.S. one dollar banknote is seen through a magnifying lens on top of Turkish lira banknotes in this illustration taken in Istanbul, Turkey November 23, 2021. REUTERS/Murad Sezer/Illustration/File Photo
ISTANBUL (Reuters) – Turkey’s BDDK banking watchdog has set the foreign currency net position to standard capital ratio for banks at a maximum 5% according to a regulation published in the country’s official gazette on Saturday.
The amendment takes effect on January 9, it said.
The regulation was last amended in 2014 when it was set at a maximum of 20%, the Anadolu state news agency reported.