Central Bank takes a new step: opened a tender for 50 billion lira
The Central Bank of the Republic of Turkey (CBRT) has opened a tender for a 50 billion lira liquidity bond with a one-month maturity. It was announced by the CBRT that liquidity bonds with a maturity of up to 91 days will be issued on Friday.
Accordingly, a tender was launched for paper with the ISIN code TRM240425T14 with a value of 50 billion lira. Bids for the bond with settlement tomorrow will be accepted between 11:00-11:45.
As of March 21, there was a 674.1 billion lira excess liquidity in the system. The CBRT last applied this measure in July 2007 to withdraw the excess Turkish lira from the market due to foreign exchange purchases.
