Press Release on FX-Protected Deposit Accounts (2025-12)
No: 2025-12
February 15, 2025
Press Release on FX-Protected Deposit Accounts
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As part of the strategy to phase out FX-protected deposit accounts (KKM accounts), the opening and renewal of KKM accounts for legal entities have been discontinued. |
The Central Bank of the Republic of Türkiye has announced that, effective February 15, 2025, legal entities will no longer be able to open or renew KKM accounts, including YUVAM accounts.
Furthermore, KKM accounts held by legal entities will no longer be included in the targets for KKM accounts’ renewal and transition to Turkish lira (TRY).
Contact
For further information, please send an e-mail to basin@tcmb.gov.tr.