The foreign currency/gold convertible KKM stock balance decreased by $4.7 billion in February.

Foreks reports that the total stock balance of foreign exchange/gold-protected deposits/participation accounts (DDKKM) declined by $4.7 billion in February compared to the previous month.

The Central Bank of the Republic of Turkey (CBRT) announced the results for the stock balances of DDKKM and Turkish lira deposits/participation accounts (TL KKM). According to data on the CBRT's website, the DDKKM stock balance fell from $28.9 billion at the end of January to $24.2 billion at the end of February. Over the past year, the DDKKM stock balance has decreased by $51.5 billion. Individual DDKKM stock balances dropped from $23.2 billion to $20.5 billion, while corporate DDKKM balances fell from $5.7 billion to $3.7 billion.