Decline in KKM accounts accelerates: 30 billion TL outflow in the last week

According to BRSA data, there was an outflow of 30 billion liras from Currency-Protected Deposit (KKM) accounts last week.

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Decline in KKM accounts accelerates: 30 billion TL outflow in the last week

The decline in Currency-Protected Deposit (KKM) accounts has accelerated.

According to data from the Banking Regulation and Supervision Agency (BRSA), there was an outflow of 30 billion liras from currency-protected TL deposit and participation accounts during the week of February 7.

The total KKM balance fell from 996 billion liras to 966 billion liras.

The economic administration aims to complete the exit from currency-protected deposits by the end of this year.

News Source: 12punto