Turkish Lira Deposit Share Hits 11-Year High

Minister of Treasury and Finance Mehmet Şimşek stated that the confidence in the Turkish lira has increased recently. The share of Turkish lira deposits in total deposits has reached approximately 62 percent, the highest level in the last 11 years. Minister Şimşek emphasized that this situation shows that significant progress has been made in the reverse dollarization process.

Economic Stability

■The share of Turkish lira deposits has reached 62 percent, the highest level in the last 11 years.

■Significant progress has been made in the reverse dollarization process.

Macroeconomic Outlook

Minister Şimşek stated that they will continue their policies to strengthen macrofinancial stability and ensure price stability, which is a prerequisite for sustainable high growth.

Markets will closely follow the reflections of this situation in the economy. The consolidation of confidence in the Turkish lira, the strengthening of macrofinancial stability, and the ensuring of price stability, which is a prerequisite for sustainable high growth, will be seen in the near future.