Türkiye's de-dollarization advances as lira deposits hit 11-year high

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Turkey's de-dollarization efforts have advanced significantly, with Treasury and Finance Minister Mehmet Şimşek reporting that Turkish lira deposits have reached an 11-year high. This indicates a move to reduce reliance on the US dollar in the country's financial system.

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 highe...