Press Release on FX-Protected Deposit Accounts (2025-04)
No: 2025-04
January 20, 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), longer-term maturities for new and renewed accounts have been discontinued. |
The Central Bank of the Republic of Türkiye has decided to terminate the opening and renewal of FX-protected deposit and participation accounts -converted from FX and gold- with maturities of six months and 12 months as of January 20, 2025.
Contact
For further information, please send an e-mail to basin@tcmb.gov.tr.