Currency Rate in Banks Announced on the Days of the Dollar Flying

The Central Bank of the Republic of Turkey published the money and bank statistics for the week ending Friday, December 17. According to the published statistics, foreign currency deposits of domestic residents were 237 billion 790 million 80 thousand dollars last week. The week before that, this value was at the level of $231.87 billion. In other words, foreign currency deposit accounts, in a week $6.14 billion increase had shown.

The deposits of real persons, which have the highest share in total foreign currency deposits, also increased compared to the previous week. Real person deposits increased by $4.6 billion in the week of 17 December. $146.50 billion rose. Deposits of legal entities increased by $1.5 billion to $91.28 billion.

Two-thirds of deposits consisted of foreign currency

During the week of December 17, dollar deposits increased significantly compared to the previous week, while TL deposits also decreased. 1 trillion 891 billion TL deposits, in the week of 17 December 60 billion TL decrease It was withdrawn to 1 trillion 831 billion TL. In total deposits The share of foreign currency rose to 66.39%.

Big drop in FX deposits is expected in this week’s data:

During the week of December 17, while the dollar broke a new record by exceeding 16 TL, many people continued to invest in the dollar. But Currency Protected TL Deposit The dollar, which started to decline with the announcement of the system, is trading at the level of 11.73 TL today. With the increase in investment in TL as TL deposits are indexed to foreign currency, it is expected that a large decrease in foreign currency deposits will be announced this week. The announcement will be made on December 25.