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38.5 percent of TL deposit accounts are now shared


Nov 20, 2023

The increase in deposit interest rates, which have reached up to 45 percent, has led to a rise in demand for deposits. This increase is also attributed to the rise in policy rates and simplification steps, causing the share of Turkish Lira deposits in total deposits to reach 38.55 percent, the highest level in 6.5 months. The Turkish Lira deposits have seen a 40.3 percent increase since the end of June, according to BRSA data. This surge in deposits is largely attributed to the economic management’s steps towards transitioning from exchange rate-protected deposits to standard Turkish Lira deposits, which have proven to be effective in driving the rise.

By Editor

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