The Central Bank (BDL) has decided to cut the reserve requirements of banks that provide soft loans to manufacturing companies that export at least 50 percent of their output.
The reserve requirements will be slashed by an amount equivalent to the total value of the loan's principal, according to BDL's intermediate circular 462.
The loan must be denominated in lira and be used to finance the company's working capital. Interest rates, fees, and all other expenses related to the loa...
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