Treasury and Finance Minister Mehmet Şimşek said Thursday that Türkiye's de-dollarization drive had made significant progress, with Turkish lira deposits rising to their highest share of total bank deposits in about 11 years.
Şimşek said increased policy predictability and stronger investor confidence have supported the shift toward lira-denominated savings.
"Despite multiple shocks, the share of Turkish lira deposits in total deposits has reached approximately 62%, the highest level in the past 11 years," Şimşek wrote on the social media platform X.
The rate compared to about 31.6% share in August 2023.
"We will continue our policies to reinforce confidence in the Turkish lira, strengthen macro-financial stability and achieve price stability, which is the prerequisite for sustainable high growth," he added.
