Swap

Turkish stock exchange hopeful of 2024

In 2023, the BIST100 index remained below the performance of 2022 and inflation, but there is a premium of about 35 percent. The policy based on high-interest rates, which changed with the new economic management after the elections, mobilized alternative markets. Interest rates, foreign exchange and gold protected investors relatively from inflation compared to the stock market.

Greece raises $2.7 billion as new 5-year bond sees strong demand

Greece raised 2.5 billion euros ($2.7 billion) on Wednesday with strong demand for a new 5-year bond, the day after Greek Prime Minister Kyriakos Mitsotakis called elections in late May.

Traders said Greece's debt agency was aiming to cover most of the annual borrowing needs before the country entered to a protracted pre-election period.

Ankara in talks with four countries for swap deals

The Turkish Lira cheered Central Bank Governor Şahap Kavcıoğlu's announcement late on June 22 that the country was in talks to secure currency swap agreements with four countries and was close to a deal with two of them.

Kavcıoğlu's remarks came during a meeting with bank executives, according to media reports.

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%.

Turkish Central Bank boosts swap auction limit

The Turkish Central Bank on May 22 boosted its lira swap sale limits from 40% to 50%, according to banking sources.

The bank increased the limit of the swap auctions in the Turkish Lira Swap Market for Foreign Exchange, as per a directive it sent to lenders.

Thus, the banks' flexibility in Turkish lira and foreign currency liquidity management will have further increased.

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