In Currency Protected Deposits, Payments Will Be Made in Cash

In Currency Protected Deposits, Payments Will Be Made in Cash

In Currency Protected Deposits, Payments Will Be Made in Cash

Currency protected TL time deposit regulation will be effective as of 21 December 2021 and will enter into force on the date of publication of the law.

The regulation that constitutes the legal infrastructure for the currency protected TL time deposit application was accepted by making changes in the Plan and Budget Committee of the Parliament. In the payments that are foreseen to be made both in cash and in special order government domestic debt securities, payment with government domestic debt securities has been waived, this section has been removed from the law proposal.

In the justification of the approved proposal, it was stated that "the payments to be made in the currency protected deposits are expected to be made only through cash resources, since it is considered that the issuance of special order government debt securities may cause operational difficulties in payments."

Canan Sakarya from the World to the news The amount of support to be paid in exchange-protected deposits and the calculation method, the scope of the real person who will benefit from the support, account types, maturities, limits, deductions that can be made in case the accounts are closed before the maturity date, the use of the source to be transferred as support, and the procedures and principles regarding the application and supervision until 31 December 2023. The President will be authorized to extend the extension. Currency protected TL time deposit regulation will come into effect on the date of publication of the law, effective as of December 21, 2021.

The law proposal, which foresees salary hikes for civil servants and retirees, a gradual transition to natural gas tariffs, and a one-point reduction in corporate tax, was accepted in the Parliamentary Plan Budget Committee. The bill is planned to be enacted this week by taking it to the agenda of the General Assembly of the Parliament.

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