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  • 18-04-20

    Central Bank of Turkey announce new measures to mitigate economic impact of coronavirus

    (MENAFN) New procedures will be taken to lessen the economic impact of the international COVID-19 pandemic, making additional adjustments in its outright purchase operations, as said in a statement by the Central Bank of Turkey (CBRT).

    The Central Bank announced that for a temporary period, it would purchase government domestic debt securities (GDDS) bought by primary dealer banks from Turkey's joblessness insurance fund.

    Primary dealer banks can also rise the liquidity facility offered under Open Market Operations (OMO).

    The CBRT took further procedures to keep market depth, strengthen the monetary policy transmission mechanism and support the primary dealership system.

    MENAFN1804202000450000ID1100043902

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