Extension of Currency Protected Deposits for Companies

Term Extension for Currency Protected Deposits for Companies
Extension of Currency Protected Deposits for Companies

The date limit for companies' accounts that can be included in currency protected deposits has been extended until the end of September.

The date limit has been extended until the end of September for the existing accounts of domestic legal entities at banks that can be included in the currency protected (KKM) deposit.

According to the Central Bank communiqué published in today's issue of the Official Gazette, which amends the communiqué on supporting the conversion to TL deposit and participation accounts, domestic legal entities can be treated in dollars, euros and British currencies available in banks at any date between 31 December 2021 and 30 September 2022. Foreign currency deposit account balances in sterling and participation fund account balances in foreign currency can be included in KKM.

In the previous version of the article, this limitation was arranged as 30 December 2021 and 30 June 2022.

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