FX-protected lira deposit scheme

Turkey's central bank records $25B loss for 2023
Central Bank reserves fall by $3.3B after 15 weeks of increase
Central bank removes interest threshold in FX-protected deposits
Turkey initiates phasing out costly FX-protected deposits
Volume of FX-protected deposits reaches 3.3 trillion Turkish Liras
Turkey's state banks sell one billion dollars in reserves in one day
Central bank's net forex reserves fall below zero after 21 years
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