“Currency protected deposit accounts reached TL 91-92 billion”

Halkbank General Manager Arslan said, “The currency protected deposit accounts totaled TL 91-92 billion. We think that it can exceed 100 billion TL in 1-2 days. When you convert your savings into Turkish Lira, the system guarantees you the amount of increase in foreign currency and gold. This system benefits the economy, the country’s production, and the appreciation of our national currency. Our citizens should trust the system, Turkey will be the winner,” he said.

Halkbank General Manager Osman Arslan spoke at the press conference of the Producing Women Competition, which they started to support the development of the female entrepreneurial ecosystem in Turkey. After the meeting, Arslan shared his views on the steps taken to protect and support the Turkish Lira and the exchange rate with members of the press.

Sharing his views on currency-protected deposit accounts, Arslan said, “The economic package announced by our President after the meeting of the Council of Ministers on the evening of 20 December was shared with the public. One of the most important items of this package was the currency-protected deposit account. A very serious guarantee system was introduced to protect the value increases in the savings of the citizens. Currency-protected deposits. Accounts totaled 91-92 billion TL. We think that it can exceed 100 billion TL in 1-2 days. Our people have a very serious tendency towards currency-protected deposit accounts. Currency-protected deposit account is a very important financial product, it has advantages. In the vehicle, you are given a fixed rate of return. It is also indexed to the foreign currency rate, as a result, if the fixed rate of return is lower than the rate of increase in the foreign currency, you get the higher rate of increase in the foreign currency. If you have savings in foreign currency or gold as a result of the economic packages announced, you do not need to keep your savings in Turkish Lira. When you convert to I, the system guarantees you the amount of increase in foreign currency and below. This system benefits the economy, the country’s production, and the appreciation of our national currency. Our citizens should trust this system, Turkey will be the winner,” he said.

“THE SHORT TIME UP AND DOWN IN THE EXCHANGE SHOULD NOT BE ANXIOUS”

Arslan also stated that they should not be worried about the short-term fluctuations in foreign exchange, and said, “We are a country that works with a floating exchange rate system. The ups and downs in foreign exchange are not just a feature of our country. Developments in the world, monetary policies announced by the US and European central banks can cause fluctuations in foreign exchange. You should not be worried about the ups and downs in short periods, the system is under control. We have a strong central bank and economy management. Necessary measures are taken in the economy. The exchange rate that will create balance in the financial markets is provided. The process we are living in right now is a healthy process. The economic infrastructure of our country is very strong, our business world is very strong, our institutions are strong, and the financial situation of our banks is strong. We will take our country to a higher level in terms of production, export, employment and investment. Let our citizens be comfortable, let’s make our savings in Turkish lira, let’s protect the Turkish lira,” he said.


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Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.

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