ISTANBUL (Reuters] – As part of its currency strategy, the Turkish central bank made steps to increase the percentage of lira backed assets in the collateral system. These steps will be continued by bankers on Monday.

The central bank will now require at least 45% collateral for swap transactions to come from domestic bonds. In addition, the bankers stated that the discount rate on CPI-indexed securities will be increased from 15% to 30%.

The central bank did not comment on these moves.