Bank deposits drop by $25 billion in eight months Dollarization hits a 13-year record high
Jul 07, 2020
2 minutes
he financial and economic crisis continues to weigh heavily on the banks. Both deposits and lending to the private sector are being affected. The decline in deposits was mainly in lira while the decline in loans was chiefly in foreign currencies. This led to the dollarization ratios of deposits and loans moving in opposite directions to record levels.
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