Press Release on Encouraging the Conversion of Gold Deposits to Turkish Lira Term Deposits (2021-65)


Press Release on Encouraging the Conversion of Gold Deposits into Turkish Lira Term Deposits

December 29, 2021

No: 2021-65

The Central Bank of the Republic of Turkey has decided to offer incentives to holders of deposit and participation funds in the event that their gold deposits and participation funds are converted into Turkish Lira term deposit accounts at the request from the account holder.

To support financial stability by increasing the share of Turkish lira in total deposits / equity funds in the banking system, it was announced in Press Release No.62 of December 21, 2021 that holders of deposit funds and participation would be incentivized if they converted their foreign currency deposit accounts and their participation funds into TL term deposit accounts.

Now, the CBRT has decided to incentivize deposit and participation fund holders in case they convert their gold deposit accounts and their participation funds into TL term deposit accounts.

Contact

For more information, please send an email to [email protected]

Türkiye Cumhuriyet Merkez Bankası

dare Merkezi

Haci Bayram Mah. Istiklal Cad. N °: 10 06 050

Ulus Altındağ Ankara 0312 507 50 00

www.tcmb.gov.tr

Warning

Central Bank of the Republic of Turkey published this content on December 29, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on December 29, 2021 07:16:05 AM UTC.

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