Latest in the series İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe
Türkiye's central bank (TCMB) Governor Fatih Karahan announced a decision not to use public funds in the liquidation process of some investment funds. Karahan answered lawmakers' questions at the Turkish parliament's Planning and Budget Committee.
Karahan said a Fund Coordination Board had been set up and added that no state resources would be deployed to keep the wind-down running smoothly. He said much of the money leaving the funds had moved into deposits, lifting overall deposits by more than 800 billion lira. He stressed their priorities were maintaining confidence in the Turkish lira and stopping the issue from becoming a systemic risk.
