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

The Decline in Foreign Currency Deposits Continues

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

Recent Data Is 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.

Remarkable Decrease in Deposits of Real and Legal Persons

Foreign currency deposits of real persons decreased by 4 billion 22 million dollars to 134 billion 478 million dollars, while deposits of legal persons dropped by 1 billion 83 million dollars to 78 billion 682 million dollars.

Impact of Exchange Rates and Total Deposit Situation

In the total deposits of domestic residents, adjusted for the impact of exchange rates, a decrease of 1 billion 284 million dollars is also observed. When adjusted for exchange rate effects, foreign currency deposits of real persons decreased by 704 million dollars, while deposits of legal persons showed a decline of 580 million dollars.