The Turkish central bank said on Wednesday it had terminated the additional lira reserve requirement ratio for FX deposits/participation funds, which was introduced in 2023 and which is currently applied at 2.5%.

It said the reserve requirement ratios applied to foreign currency deposits/participation funds had been revised to 32% from 30% for demand deposits and deposits with maturities up to 1 month, and to 28% from 26% for those with longer maturities.