Turkish Lira Deposits Reach 11-Year High

The share of Turkish lira deposits in total deposits has reached approximately 62%, the highest level in the last 11 years. Minister Şimşek shared the weekly money and banking statistics published by the Central Bank of the Republic of Turkey (CBRT) on his social media account. Stating that significant progress has been made in the reverse dollarization process thanks to increased predictability and strengthened investor confidence, Şimşek made the following evaluations:

Reverse Dollarization Process

■The share of Turkish lira deposits in total deposits has reached the highest level in the last 11 years.

■The rate of 62% is an indicator of increased predictability and strengthened investor confidence.

Macrofinancial Stability

■We will continue our policies to consolidate trust in the Turkish lira, strengthen macrofinancial stability, and ensure price stability, which is a prerequisite for sustainable high growth.

Markets will respond positively to the strengthening of the Turkish lira and the consolidation of macrofinancial stability. This will contribute to the further strengthening of the country's economy and the increase in investor confidence.