Foreign Currency Deposits Decreased by 1.3 Billion Dollars to 213 Billion Dollars.

Decline in Foreign Currency Deposits Continues

As interest in the currency-protected deposit system continues to decline in Turkey, foreign currency deposits have also recorded a significant decrease. According to data from the Banking Regulation and Supervision Agency, the Currency-Protected Turkish Lira Deposits and Participation Accounts (KKM) declined by 34 billion 296 million TL to a level of 171 billion 15 million TL in the week of October 24.

Recent Data Negative for Real and Legal Persons

The Central Bank of the Republic of Turkey (CBRT) reported in its Weekly Money and Banking Statistics published as of October 24 that the total foreign currency deposits of domestic residents in banks amounted to 213 billion 160 million dollars. This figure has decreased by 5 billion 105 million dollars from the previous week's level of 218 billion 165 million dollars.

Notable Decrease in Deposits of Real and Legal Persons

The foreign currency deposits of real persons have decreased by 4 billion 22 million dollars, reaching 134 billion 478 million dollars, while the deposits of legal persons have decreased by 1 billion 83 million dollars, falling to 78 billion 682 million dollars.

Parity Effect and Total Deposit Situation

A decrease of 1 billion 284 million dollars is also observed in the total deposits of domestic residents, adjusted for the parity effect. When adjusted for the parity effect, the foreign currency deposits of real persons decreased by 704 million dollars, and the deposits of legal persons showed a decrease of 580 million dollars.