www.reuters.com - (Reuters) - The Turkish Treasury said on Tuesday it had secured three loan agreements worth $554 million with the Islamic Development Bank on April 4.
The loans will be used for the financing of construction projects, the treasury said in the statement published on ites web site. (source)
Showing posts with label treasury. Show all posts
Showing posts with label treasury. Show all posts
Saturday, 14 April 2012
Monday, 6 December 2010
BANKING - Central bank to pay interest on Treasury deposits
| A motion to end the treasurer’s role of the Central Bank of Turkey has been warmly welcomed by economists. | |
| The most important item in a debt restructuring package prepared by the government is seen as the change in the treasurer role of the central bank. Due to this change, the Finance Ministry can now earn interest on its fund of approximately TL 20 billion that is deposited in the central bank. Since the bank has accumulated a significant amount of funds, the interest payments will not overburden the Central Bank of Turkey. |
Subscribe to:
Posts (Atom)