The Ministry of Treasury and Finance shared the details of the steps to be taken about the course of the economy. GES was introduced in the shared details.
The Ministry of Treasury and Finance made a statement to the public via its official Twitter account. Press briefingin:
“As part of the steps to be taken in the press release published on the official account of our Ministry today (09.06.2022);
In order to encourage our citizens to use their savings in Turkish Lira assets and to expand the investor base, our Ministry will carry out the demand collection for income-indexed State Domestic Debt Securities (GES) as of June 15, 2022.
SPPs, which will only be offered to real persons, will be exported through the announcement and book collection processes to be carried out throughout our country.
Bookkeeping for the year, issuance of the bill, coupon and principal payments will be made through the banks to be specified in the announcement to be published on the website of our Ministry.
export. The promissory notes to be issued will provide coupon income to the investor quarterly and there will be a minimum return guarantee in coupon payments.
The rate of return and maturity structure of the bill that will form the basis for the coupon payment will be announced in the issuance announcement. The final rate of return that the bond will provide to the investor will be determined by multiplying the rate of return determined by our Ministry at the issuance stage with the index value to be calculated within the framework of revenue realizations.
statements were made.
Explanation did not satisfy, USDT dollar rose
After the announcement, market expectations were not met. Many economists and citizens on social media did not react positively to the announcement. After this development, the dollar rose above 17 liras again. USDT is trading at 17.10 at the time of writing.
