The financial fallout from the Currency Protected Deposit (KKM) scheme and extensive FX swap transactions has resulted in a historic deficit for the Central Bank of the Republic of Türkiye (TCMB). According to an analysis of Official Gazette data by economy journalist Önder Doğan, the TCMB losses closed 2025 with a staggering 1 trillion 64.9 … Continue reading TCMB Losses: Record 1.06 Trillion TL Deficit in 2025