TCMB - Press Release on FX-Protected Deposit Accounts (2025-12)
Central bank: tcmb | Type: decision | Date: 2025-02-15

Press Release on FX-Protected Deposit Accounts (2025-12)
No: 2025-12
February 15, 2025
Press Release on FX-Protected Deposit Accounts
As part of the strategy to phase out FX-protected deposit accounts (KKM accounts), the opening and renewal of KKM accounts for legal entities have been discontinued.
Furthermore, KKM accounts held by legal entities will no longer be included in the targets for KKM accounts’ renewal and transition to Turkish lira (TRY).
Press Release on FX-Protected Deposit Accounts (2025-12)