he government, in its plans, is still calling to write off most of the remaining dollar-denominated savings in banks that exceed $100,000, despite the losses already incurred by depositors resulting from measures taken and the failure to implement any reforms. The amended government plan issued on September 9 proposed new methods to write off most dollar deposits – by writing off excess interest on deposits, writing off unqualified deposits that were converted from lira to dollar after October 17, converting deposits into bank issued shares and bonds in lira, and transferring the remainder to a ‘Deposit Recovery Fund’. The State’s plan proposes to secure the recovery of excess deposits, according to the government’s description, estimated at more than $80 billion out of $99 billion, through a fictitious fund that will issue warrants
