Reserve Options Mechanism

A mechanism allowing banks and other financial corporations to keep a certain proportion of their Turkish lira reserve requirements in FX and gold. The ROM mechanism enables banks to use part of their FX assets to meet their Turkish lira liquidity needs. Thus, banks have flexibility in keeping Turkish lira reserve requirements and they voluntarily build up FX reserves at the Central Bank.

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* The views expressed here are those of the authors. They do not necessarily reflect the official views of the Central Bank of the Republic of Turkey.