BRSA announced that the size of currency protected TL deposit accounts will be announced on a regular basis. In the statements made by the institution, it was stated that the data will start to be announced as of February 14.
Banking Regulation and Supervision Agency (BRSA), made a remarkable statement about the currency protected TL deposit accounts that have been in our lives for a while. In the statements made by the institution, it was stated that a new period will begin as of February 14, and in this context, information about the accounts that have undergone transformation will be shared. In other words, data on the size of the money entering the system, As of February 14 will be shared with the public.
In the press release on the BRSA’s website, the data how to explain is also mentioned. According to the information in the press release, as of February 14, citizens will see the total size of their currency-protected TL deposit accounts in certain periods. In other words, the figures verbally expressed by President Erdogan or the Treasury Minister Nureddin Nebati, in the future, on the paper will also be included.
Total size of conversion accounts: 313 billion TL
The chart above has been published by the BRSA and is also for the statements we will see as of February 14. sets a precedent looks like. According to this; Total size of money in conversion accounts as of February 7 313 billion TLIt has reached . Its 171 billion TLtreasury supported, 142 billion TLThe rest are in the accounts supported by the Central Bank of the Republic of Turkey (CBRT).
The press release of the BRSA is as follows:
“With the relevant articles of the “Law on the Amendment of the Private Pension Savings and Investment System Law and Some Laws and Decree Law No. 375” published in the Official Gazette dated 22.01.2022 and numbered 31727, the Central Bank of the Republic of Turkey (CBRT) dated 21.12.2021 and the Communiqué on Supporting the Conversion of Turkish Lira Deposit and Participation Accounts No. 2021/14, Communiqué on Supporting the Conversion from Gold Accounts to Turkish Lira Deposit and Participation Accounts dated 29.12.2021 and numbered 2021/16. The sizes related to this will be shared in the periodic publications of our Institution as of 14.02.2022.