The Communiqué regarding the Statutory Reserves of Banks was amended on 23 September 2010 to be effective as of 1 November 2011. The statutory reserve rates of banks held with the Central Bank for Turkish lira liabilities have been increased to 5.5% from 5%, and statutory reserve rates for foreign currencies increased to 11% from 10%. The Communiqué also states that the Central Bank will not pay interest on such mandatory reserves.