Turkey exempts foreign banks from some lira trading curbs

They will also be allowed to conduct repo and reverse repo transactions at the bourse

  

ISTANBUL- Turkey's banking watchdog said on Thursday it exempted all international banks from some restrictions on access to lira liquidity, after it had already lifted restrictions for development banks last month.

International banks that open a lira account with domestic banks will be allowed to conduct swap transactions involving buying liras, and in the FX swap market at the Istanbul bourse.

They will also be allowed to conduct repo and reverse repo transactions at the bourse, and lira depo transactions with domestic banks.

(Reporting by Ali Kucukgocmen and Ezgi Erkoyun; Editing by Dominic Evans) ((ali.kucukgocmen@thomsonreuters.com , @alikucukgocmen; +902123507067; Reuters Messaging: Reuters Messaging: ali.kucukgocmen.thomsonreuters.com@reuters.net))

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