- BIST10012,151-0.94%
- USD49.220.00%
- EUR55.21+0.28%
- GOLD4,192.30-0.57%
- INTEREST37.00%-1.00
- BITCOIN82,747-1.11%
- October 12, 202619°
- BIST10012,151-0.94%
- USD49.220.00%
- EUR55.21+0.28%
- GOLD4,192.30-0.57%
- INTEREST37.00%-1.00
- BITCOIN82,747-1.11%
- October 12, 202619°
Türkiye expects to repay fund investors up to 1 million liras in October
Vice President Cevdet Yılmaz briefed parliament on the fund crisis.
Turkish Vice President Cevdet Yılmaz told parliament that if a draft law with extraordinary liquidation rules is passed, principal payments of up to 1 million liras could be made to fund investors in October, with final liquidation expected within five to six months. He said 131 funds of seven portfolio management firms with 455,758 investors are being liquidated, that no Treasury funds will be used and that there is no systemic risk in the markets. Eighty-five people have been arrested in the investigation.
Stay Updated with The Turkiye Times
Subscribe to be informed about special news, developments and announcements. We will keep you informed.
By signing up, you agree to our Privacy Policy
