CBRT’s Communiqué Amending the Communiqué Amending the Communiqué on the Establishment of Securities, Communiqué Amending the Communiqué Amending the Communiqué on Required Reserves, Communiqué Amending the Communiqué on Supporting the Conversion of Turkish Lira Deposit and Participation Accounts, and Conversion from Gold Accounts to Turkish Lira Deposit and Participation Accounts The Communiqué on Amending the Communiqué on Support was published in the Official Gazette.
Accordingly, within the scope of the simplification process, the implementation of the conversion target from foreign currency deposits to KKM and the practice of establishing additional/discounted securities according to TL share were terminated.
While TL deposits increase with the arrangements made, it is aimed to reduce the KKM by transitioning from currency protected accounts to TL deposits. Thus, it is aimed to contribute to the strengthening of macro financial stability by supporting TL time deposit accounts.
In this context, it was aimed to switch from accounts that are supported by the Central Bank to TL accounts and to renew accounts with a certain amount of currency protection, and to increase the level of TL shares without currency protection.