The Central Bank of the Republic of Türkiye reports that capital exiting liquidated investment funds is primarily flowing into bank deposits. Governor Fatih Karahan stated that over $16 billion has been added to commercial and savings accounts, suggesting that the broader financial system remains stable despite the ongoing closure of more than 130 funds. Authorities are currently investigating market manipulation allegations, with 85 individuals arrested in connection to the case. While the liquidation process, which impacts approximately half a million investors, is in its early stages, the central bank sees limited contagion risk. Officials are monitoring the situation's impact on wealth, reserves, and the real sector, noting that the shift toward the Turkish lira remains consistent. The central bank maintains that coordinated regulatory measures have successfully contained volatility and protected the wider economy from significant disruption.
Source : Daily Sabah
Photo : Daily Sabah
