17.03.2025 10:10
In recent times, the purchasing power of the Turkish lira has been steadily declining due to the high inflation in Turkey. As banknotes below 200 lira have proven insufficient to meet the cash needs of the market, the issue of increasing the withdrawal limit at ATMs has come to the forefront.
With the arrival of the month of Ramadan, sales in the retail sector have gained momentum. The Central Bank's reduction of interest rates is another factor that has increased activity in the market. However, due to the decrease in the purchasing power of money against high inflation, the daily cash needs of ATMs have become insufficient to meet the market's cash requirements.
ATM WITHDRAWAL LIMIT IS 10 THOUSAND LIRA
Although it varies from bank to bank, the current daily withdrawal limit from ATMs is around 10 thousand lira. However, market sources have called for this insufficient amount to be increased. The economic management is also preparing to double the daily cash withdrawal limit from ATMs to meet this need by increasing the liquidity coverage ratio in the market through banks.
ATM WITHDRAWAL LIMIT WILL BE INCREASED
Therefore, one of the most important steps to be taken will be to increase the withdrawal limit from ATMs. A new update for cash withdrawals from ATMs is on the agenda. Market sources expect this limit of 10 thousand lira to be raised to 20 thousand lira. With this update, citizens' cash withdrawal transactions from ATMs will become faster and easier. Although the details have not yet been finalized, it is reported that work on this update is progressing rapidly.