October 31, 2018 / 2:21 PM / 13 days ago

Turkish lira currency swaps to begin on Nov. 1

ISTANBUL, Oct 31 (Reuters) - Transactions in the Turkish lira currency swap market on behalf of the central bank will start on Nov. 1, the central bank said in a statement on Wednesday.

Turkish banks’ limits will be 10 percent of their pre-determined foreign exchange and banknotes market transaction limits, it said. (Writing by Ezgi Erkoyun Editing by Dominic Evans)

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