Turkish Central Bank raises swap auction limit

The Turkish Central Bank on Nov. 26 increased its lira swap sale limits from 50% to 60%.

The bank raised the swap auctions limit in the Turkish Lira Swap Market for Foreign Exchange, according to information received by Anadolu Agency.

Previously, the bank had increased the limit from 40% to 50% in May.

The limit has been increasing gradually since last April from 20%.

Turkey, swap limit,