Central Bank Governor Naci Ağbal

Turkish banks can cover short market closure: Fitch

The foreign-currency liquidity of Turkish banks is sufficient to cover a short-lived market closure and moderate outflow of FX deposits, according to credit ratings agency Fitch on late on April 6. 

It projected the banks' short-term foreign currency debt service requirement, in the extreme event of a full market shut down for 12 months, has increased to $45 billion-$50 billion.