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Extension of Currency-Protected Deposit Accounts Tabled for October 1st

TURKEY
  • Dunya write on the Omnibus law proposals being made by government, with policies aimed at relieving ‘economically distressed’ segments of society reaching the final stages of approval. Key parts of the package include extensions for the currency-protected deposit system (KKM), changes to inflation accounting and various consumer debt restructuring measures. October 1st will be the key date to watch, with the grand assembly returning to office.
  • Turkish agents report a 40% increase in demand from Russian real estate clients over the past week, with Russians already topping the list of those looking to buy Turkish property for the past five consecutive months, according to Hurriyet.
  • Erdogan speaks later today in Ankara, with no key data releases due Tuesday.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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