News Title: Currency/Gold-Linked KKM Stock Balance Plummets by $6.3 Billion in November
In November, the total stock balance of forex currency/gold conversion deposits/participation (DDKKM) decreased by 6.3 billion dollars compared to the previous month. The Central Bank of the Republic of Turkey (TCMB) announced the stock balance results of DDKKM and Turkish lira deposits/participation (TL KKM) accounts. According to the data on the TCMB's website, the DDKKM stock balance, which was 42.4 billion dollars at the end of October, fell to 36.1 billion dollars by the end of November. Thus, the DDKKM stock balance has decreased by 50.8 billion dollars since the end of 2023. The stock balance of individual DDKKM accounts decreased from 33.3 billion dollars to 28.8 billion dollars, while the stock balance of corporate DDKKM accounts decreased from 10.1 billion dollars to 7.3 billion dollars. The stock balance of Turkish Lira KKM also fell from 1.3 billion TL to 0.4 billion TL.