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As credit card spending hits a record high, warnings over fees and interest rates increase
While the number of credit cards in Turkey approaches 152 million, breaking records, experts warn against the additional costs created by minimum payments, cash advances, and maturity differences.
News
Economy
Balance in FX-Protected Deposit accounts has been reset to zero
According to data from the Banking Regulation and Supervision Agency (BDDK), the balance in FX-Protected Deposit (KKM) accounts has decreased by 4 million liras and has been completely closed. Treasury and Finance Minister Mehmet Şimşek evaluated this development as the successful completion of one of the economic program's objectives.
News
Economy
