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Interview with Ümit Akçay on the Background of the Fund Crisis and Economic Policies
In an interview broadcast on Medyascope, Assoc. Prof. Dr. Ümit Akçay evaluated the effects of low interest rates and FX-protected deposit (KKM) policies, alongside the historical process leading to the fund crisis.
News
Economy
Politics
Foreign Exchange Protected Deposit Accounts Balance Completely Zeroed Out
While the balance in Foreign Exchange Protected Deposit accounts, introduced to curb currency shocks in the Turkish economy, has been zeroed out, Treasury and Finance Minister Mehmet Şimşek announced that the process was successfully completed.
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
Accounts in the Currency Protected Deposit system have been zeroed out
According to data from the Banking Regulation and Supervision Agency, the account balance in the Currency Protected Deposit system, which has been in effect since 2021, was completely zeroed out as of the week of August 21, 2026.
News
Economy