‘Special Currency’ Will Not Be Announced for Currency Protected TL Accounts

It’s one of the issues we’ve been talking about for a while in Turkey. currency protected TL deposit accounts. The system, which came into our lives after a statement made by President Erdogan in the past days and is said to put out the fire of the dollar, is the change in the dollar rate of a citizen who opens a forward Turkish lira. prevented it from being adversely affected. So much so that the difference was paid to the citizen from the treasury.

One of the important issues in foreign currency protected TL deposit accounts is that the Central Bank of the Republic of Turkey will announce every day. was the exchange rate. A statement would be made every day at 11:00 and the current value of the exchange rate would be determined. That too special conversion rate was named. A decision in today’s issue of the Official Gazette is a small change in the new application. change has been made revealed.

Conversion rate app removed

According to a communiqué in today’s issue of the Official Gazette The conversion rate application, which will be announced every day at 11:00, has been removed. Instead, each day is already determined. routine setup application will be made. This application will be the basis for determining the expiry exchange rate.

By the way, there is another important issue in today’s issue of the Official Gazette. Such that participation accounts will be provided. returnParticipation banking principles will be applied if the Central Bank’s one-week resale promise with participation banks within the scope of open market operations is lower than the cost incurred in the purchase transactions. Difference participation bank can pay. The Central Bank pays the citizens for this difference. won’t pay.