Press Release on FX-Protected Deposit Accounts (2025-45)
No: 2025-45
August 23, 2025
Press Release on FX-Protected Deposit Accounts
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Account openings and renewals for FX-protected deposits (KKM) have been terminated. |
The Central Bank of the Republic of Türkiye (CBRT) has decided to terminate the opening and renewal of KKM accounts (excluding YUVAM accounts), effective August 23, 2025. Accounts opened prior to this date will remain valid until their maturity, following which the relevant Communiqués will be repealed.
With the termination of KKM accounts, the total target for KKM accounts’ transition to TRY and renewals has been abolished. Accordingly, the CBRT has revised its regulations on reserve requirement remuneration and commission practices.
Contact
For further information, please send an e-mail to basin@tcmb.gov.tr.