#Mehmet Şimşek
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An intensive data calendar focused on growth, inflation, and the MTP begins in the Turkish economy
An intensive calendar featuring growth, foreign trade, and inflation data, along with the interest rate decision and the Medium-Term Program for the 2027-2029 period, is starting in the Turkish economy.
Current Affairs
News
Economy
Domestic residents' preference shifted from foreign currency to gold
According to Central Bank of the Republic of Turkey data, while foreign currency deposits declined, precious metal deposit accounts increased by 14.5 billion dollars. The Currency Protected Deposit system, which began in 2021, officially ended as of August 21, 2026.
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
New facility introduced for tradespeople with tax and SSI debts in Treasury-supported loans
With the new regulation on Treasury interest-supported tradespeople loans, tradespeople with tax and Social Security Institution (SSI) debts are provided with the opportunity for the bank to pay their debts and disburse the remaining amount.
News
Economy
