KKM Balances Saw a 2.2 Billion Dollar Drop in August

The Central Bank of the Republic of Turkey (CBRT), by sharing data for August, revealed significant changes in the stock balance of **foreign currency/gold protected deposit/participation (DDKKM)** accounts. The data shows that the balance of these accounts was **11.9 billion dollars** at the end of July, and this figure decreased to **9.7 billion dollars** as of August. This means a significant decrease of **2.2 billion dollars** in just one month.

In recent years, following the economic measures taken by the Central Bank of the Republic of Turkey, demand for exchange rate-protected accounts had shown fluctuations. The total balance of these accounts decreased by **41 billion dollars** in the last year. This situation also reveals that investors are experiencing uncertainty and a loss of confidence. The decrease in DDKKM accounts may increase the inclination towards valuable assets such as foreign currency and gold.

The monthly decrease of 2.2 billion dollars, beyond just a figure, offers important clues about the general state of Turkey's economy. Pressures on the economy and fluctuations in the exchange rate may cause local investors to withdraw from exchange rate-protected deposit accounts.

These changes, in addition to the dynamics in Turkey's financial markets, may also affect future investment strategies. Investors will continue to closely monitor the Central Bank's policies and market conditions, which may continue to create uncertainty about the future of exchange rate-protected accounts.