February 10 (SeeNews) - Turkey's banking regulation and supervision agency (BDDK) said that it has lowered the limit for the total amount of domestic banks’ currency swaps, forwards, options and similar transactions with foreign entities to 10% of a bank's capital.
The ratio will be calculated daily and no further transactions of these types could be executed and maturing transactions should not be renewed unless current excess is eliminated, the regulator said in a statement on Sunday.
The previous limit, set by the BDDK in August 2018, was 25% of the banks' total equity, according to the statement.