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Decline Continues in Foreign Currency Protected Deposits

October 31, 20241 Mins Read

The Republic of Turkey Central Bank’s total Foreign Currency Protected Deposit balance has dropped to approximately 48.5 billion dollars. The Central Bank of Turkey published the stock balances of Foreign Currency-Denominated Protected Deposits/Participation (FCDDP) and Turkish Lira-Denominated Protected Deposits/Participation (TL PDP) accounts for the results of September. According to the data, the total stock balance of FCDDP decreased by 2.7 billion dollars in September, falling from 51.1 billion dollars to 48.4 billion dollars. Real person FCDDP stock balance decreased by 1.5 billion dollars from 37.3 billion dollars to 35.8 billion dollars, while legal entity FCDDP stock balance decreased by 1.1 billion dollars from 13.7 billion dollars to 12.6 billion dollars. The Turkish Lira PDP stock balance also saw a decrease of 1.1 billion lira in September, dropping from 3.9 billion lira to 2.8 billion lira. The disclosed data indicated that the total PDP balance is approximately 48.5 billion dollars.

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