27.08.2026 14:41
Currency Protected Deposits (CPD), one of the most discussed and agenda-occupying practices in the Turkish economy since the last months of 2021, has officially come to an end. According to the latest weekly bulletin data published by the Banking Regulation and Supervision Agency (BRSA), no money remains in CPD accounts, and all accounts have been completely closed and reset to zero.
According to the latest weekly bulletin data published by the Banking Regulation and Supervision Agency (BDDK), the balance in the FX-protected deposit (KKM) accounts, which had long been expected to be liquidated, has been completely reduced to zero and all accounts have been closed. Thus, a period that held a significant place in the Turkish financial system has officially come to an end.
BALANCE COMPLETELY ZEROED OUT
The most striking element in the weekly report published by the BDDK was the KKM item, whose liquidation process had been ongoing for a long time. The system, introduced in 2021 to control sharp fluctuations in exchange rates, was frequently debated over time due to its financial burden on the Treasury and the Central Bank. With the implementation of economic policies and the redirection of savers to standard Turkish lira deposits, the unwinding of these accounts was completed, and no balance remained in the system.