`macroeconomic-stability` Related Article Results

Foreign Exchange Protected Deposit Account (FPDA) is a monetary policy instrument introduced by the Central Bank of the Republic of Türkiye (CBRT) on 21 December 2021, designed to protect Turkish lira term deposits against fluctuations in foreign exchange rates. The system aims to limit capital flight to foreign currencies by guaranteeing the value of Turkish lira deposits against currency appreciation, support the liraization process, and strengthen macroeconomic stability. Origin and Objective