The Central Bank of Turkey will continue to conduct Turkish lira deposit buying auctions in April with a standard four-week maturity that was initiated in April 2002 as a supplement to its existing instruments with the aim of enhancing the effectiveness of its efforts to sterilize the excess Turkish lira liquidity in the system.
As was in March 2003, the Central Bank will hold Turkish lira deposit buying auctions on Wednesdays and Fridays each week and the maximum amount at each auction will be limited to 200 trillion Turkish liras. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
