17 April 2020 – Revised facility offered to banks to sell government securities to central bank

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Financial markets and monetary policy
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Central Bank of the Republic of Turkey revised the facility offered to primary dealer banks to sell Government Domestic Debt Securities (GDDS) to the central bank.

The limits offered to primary dealer banks for outright sales of GDDS to the CBRT will be applied independent of the repo transaction limits and bankswill be offered a GDDS selling limit that is equal to the repo transaction limits.

GDDS to be purchased and the amount of purchases will be determined by the CBRT. Purchases will be conducted via the quantity auction method.
Full details here: https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Announcements/Press+Releases/2020/ANO2020-22