Fund outflows reached $4 billion in two weeks, money went to lira deposits

This story is from 22 September 2026.

Latest in the series İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe 8 Oct, 22:38

According to Goldman Sachs, $1.8 billion left money market funds in the week ending September 11; in the first two weeks of September, the decline reached $4 billion. Lira deposits increased by $12 billion, with a monthly rise of approximately $20 billion.

According to a report by Goldman Sachs analysts Clemens Grafe and Başak Edizgil, the increase in TL deposits outpaced inflows into foreign currency and gold deposits. It was noted that despite falling deposit interest rates, money exiting funds is heading into TL deposits. This could temporarily ease concerns about the exchange rate and inflation.

Fund outflows reached $4 billion in two weeks, money went to lira deposits

Fund Investigation News Series

Where it began 16 Sept 2026 Tera Portföy declares default in two funds, payment periods extended in six funds

8 Oct 2026 22:38 İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe Istanbul's Chief Public Prosecutor's Office ordered journalists İsmail Saymaz, Murat Ağırel and Şaban Sevinç to give statements as suspects as part of its fund investigation.
8 Oct 2026 20:40 Fund crisis inquiry motions rejected by AK Party and MHP votes Yeni Yol, CHP, İYİ Party and DEM Party's Turkish Grand National Assembly (TBMM) inquiry motions on the fund crisis were rejected by votes from AK Party and MHP lawmakers.
8 Oct 2026 16:40 10-article bill on liquidation of 131 funds due in Turkish parliament next week A 10-article interim bill for the 131 funds placed under liquidation is planned to go to the Turkish Grand National Assembly (TBMM) next week. The funds total about 1 trillion lira (TL).
8 Oct 2026 16:40 YENİ Party's Ümit Özlale names two ministers in fund crisis YENİ Party İzmir deputy Ümit Özlale called on Turkish Trade Minister Ömer Bolat and Turkish Family and Social Services Minister Mahinur Özdemir Göktaş to disclose fund transactions.
22 Sept 2026 12:22 Fund outflows reached $4 billion in two weeks, money went to lira deposits According to Goldman Sachs, $1.8 billion left money market funds in the week ending September 11; in the first two weeks of September, the decline reached $4 billion. Lira deposits increased by $12 billion, with a monthly rise of approximately $20 billion.