No deposits will be seized, says Turkish finance ministerStaff Writer | August 13, 2018
Turkey’s treasury and finance minister early Monday vowed to fight “lies” that deposit money would be seized or that foreign currencies in bank accounts would be converted into Turkish liras, saying that no such steps will be taken.
Turkey An action plan is coming into effect starting early Monday
Albayrak said an action plan is coming into effect starting early Monday.
"Our institutions will take the necessary steps to relax the markets," he said.
Albayrak said they prepared the plan together with banks for the real sector, the sector the most affected by recent currency fluctuations.
"We will take the necessary steps rapidly, together with our banks and the Banking Regulation and Supervision Agency," he added. ■