31 March 2020 – Allowed banks to sell government securities bought under unemployment insurance fund to the 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 allowed primary dealers to sell the Government Domestic Debt Securities (GDDS) that they have bought from the Unemployment Insurance Fund to the Central Bank of the Republic of Turkey (CBRT) under the terms and limits set by the CBRT, or will be able to increase at certain ratios the liquidity facility offered under OMO in the scope of the Primary Dealership system.
Full details here: https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Announcements/Press+Releases/2020/ANO2020-21