Turkish Central Bank says FX-protected accounts for legal entities discontinued
Turkish Central Bank said on Saturday that opening and renewal of FX-protected deposit (KKM) accounts for legal entities have been discontinued as part of the strategy to phase out KKM accounts.
'Effective February 15, 2025, legal entities will no longer be able to open or renew KKM accounts,' the bank said in a statement.
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Turkish Central Bank says FX-protected accounts for legal entities discontinued
Turkish Central Bank said on Saturday that opening and renewal of FX-protected deposit (KKM) accounts for legal entities have been discontinued as part of the strategy to phase out KKM accounts. 'Effective February 15, 2025, legal entities will no longer be able to open or renew KKM accounts,' the bank said in a statement.
