CBRT steps in with support for earthquake-stricken regions

Turkish central bank eases payment costs and credit conditions as rescue work continues

The Central Bank of the Republic of Turkey
Photo: CBRT

The Central Bank of the Republic of Turkey has stepped in with support measures for regions that were struck by a huge earthquake on February 6.

The CBRT said it had instructed banks not to charge fees for money transfers to disaster relief accounts, “particularly” those of the Turkish Red Crescent and the Disaster and Emergency Management Authority.

The central bank also offered relief to companies in the earthquake zone, extending by 180 days the maturity dates for rediscount credits and

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