[PERSON]
Bakırlıoğlu
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Turkey corporate debt, FX exposure, and KKM phase-out
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Latest: Turkey's KKM system reaches zero balance as banking sector grows
By late August 2026, Turkey’s economic distress manifested in the total evaporation of the Currency Protected Deposit (KKM) system. According to the Banking Regulation and Supervision Agency (BDDK), the remaining 4 milli