Currency Deposits Continue to Rise: Increase of 479 Million Dollars

Continuing Rise in Foreign Currency Deposits

Foreign currency deposits continue to maintain their upward momentum according to data from the Central Bank of the Republic of Turkey (CBRT).

Periodic Increases and Parity Effect

In the week of December 19, a total increase of 479 million dollars occurred in foreign currency deposits, adjusted for the parity effect. This increase once again underscores the importance of foreign currency investments in the Turkish economy.

Changes in Real and Legal Entities

Foreign currency deposits of real persons increased by 29 million dollars, while the increase in foreign currency deposits of legal entities was recorded at 450 million dollars. This situation indicates that companies' confidence in foreign currency assets is growing.

Pressure on Currency Protected Deposits

On the other hand, according to data from the Banking Regulation and Supervision Agency (BRSA), a significant decrease was observed in currency protected deposits. Currency protected deposits fell by 3.3 billion TL, dropping to 8.3 billion TL. This development is one that investors and banks should watch closely.