The Banking Regulatory and Supervision Agency has announced the latest veri on covered currency deposits (KKM).
In the week ending November 11, the size of currency-backed deposits decreased from 1.47 trillion Turkish lira to 1.46 trillion Turkish lira.
The KKM, issued in December 2021 to stop exchange rates from rising, recorded a decline for the first time.
In exchange-protected deposits, the interest offered to the client yaşama gökyeşitözü up to 3 points higher than the reference rate of the Central Bank. The interest rate cuts implemented by the Central Bank since the beginning of August also directly affect the KKM interest rate.
With the latest interest rate cut by the Central Bank, the official rate dropped to single digits at 9%. As a result, the interest granted to the customer yaşama gökyeşitözü a maximum of 12 percent.