Azerbaijan, Baku, Dec. 18 / Trend A.Akhundov /
The Central Bank of Turkey has defined norms of compulsory reservation depending on the maturity of deposits in national currency, the Central Bank reported.
The Turkish lira required reserve ratio, which is currently at 6 percent, is differentiated according to the maturity structure of deposits and set as 8 percent for demand deposits, notice deposits, private current accounts, deposits/participation accounts up to 1-month maturity and liabilities other than deposits/participation accounts; 7 percent for deposits/participation accounts up to 3 and 6-month maturity; 6 percent for deposits/participation accounts up to 1-year maturity; 5 percent for deposits/participation accounts with 1-year and longer maturity and cumulative deposits/participation accounts.