Public banks ran foreign exchange deficit Author Foreks

© Reuters. Public banks had a foreign exchange deficit

Public deposit banks ran a foreign exchange deficit.

According to the Banking Regulation and Supervision Agency (BDDK) data, the FX net general position of public deposit banks in the week of July 19, showing the difference between their foreign currency assets and liabilities. $133 million open declared as. FX net general position in the week of 16 July $143 million down was disclosed.

Legal equity was $35.94 billion in the same week.

The BRSA does not want banks’ FX short position to exceed 20 percent of equity for more than 2 weeks in a row. It is not a problem for banks to exceed this limit for 2 weeks six times a year.

-Foreks News Center-

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