As deposits decrease in banking, interest in foreign currency increases.

The weekly money and banking statistics announced by the Central Bank of the Republic of Turkey (CBRT) reveal significant changes in the banking sector. In the week ending October 10, there was a substantial decline in total deposits. This decline was recorded at 92 billion 487 million 785 thousand lira, and the total deposit amount decreased from 25 trillion 895 billion 172 million 315 thousand lira to 25 trillion 802 billion 684 million 530 thousand lira.

These data are quite important for understanding the current status of the banking system and the economic dynamics. The decrease in deposits indicates a serious contraction in the funding sources of banks. In particular, the uncertainties in the real sector and inflationary pressures are leading savers to seek safer havens.

The increase in foreign currency deposits also highlights the tendency of investors in Turkey to save in foreign currency. Fluctuations in the local currency are increasing citizens' demand for opening deposits in foreign currency. This situation is influenced by the demand for foreign currency in the country's economy and the confidence crisis that has arisen against international markets.

At the same time, the economic conditions increasing the demand for foreign currency will also affect the income that banks earn from foreign currency deposits. Experts predict that the increasing foreign currency deposits may enhance Turkey's foreign currency liquidity but, at the same time, could lead to fluctuations in the value of the local currency. This situation will closely affect Turkey's overall economic outlook.

In summary, the decrease in total deposits in the banking sector and the increase in foreign currency deposits are among the sensitive economic data affecting the investment decisions of savers in Turkey. The currency preferences of investors will have a critical importance for future economic stability and growth.