Minister Nebati: Renewal rate in Treasury-backed KKM accounts is around 70%

Treasury and Finance Minister Nureddin Nebati announced that approximately 91.6 billion TL has been paid to the KKM accounts supported by the Treasury to date. Treasury and Finance Minister Nureddin Nebati announced that approximately 91.6 billion TL of support payments have been made to the KKM accounts supported by the Treasury to date. Speaking during the ministry’s budget discussions at the TBMM Planning and Budget Committee, Nebati said that the renewal rate in the Treasury-supported KKM accounts is approximately 70 percent. Nebati said, “The KKM application has played an active role in maintaining financial stability despite negative geopolitical developments, tightening in global financial conditions, developments in the euro-dollar parity, and all problems related to supply security. Considering the positive effects of this application on exchange rate fluctuations and other macroeconomic indicators, its cost has been limited.”