Private sector $ loans down by $7 billion to < $30 billion & deposits down to $146 billion in the first 5 months of 2020. Great news. Problem resolving itself in a Darwinian fashion. BUT, $ portion of deposits still at $116 billion (essentiallly the same) because ...
of the idiotic decision to allow people to convert their Lira deposits to $ at 1515 while freezing their money 1-2 years, giving them the illusion of safety. You know you’ll have to reverse this & they’ll never see a $ ...
Banks: Why use your daily FX quota on this instead of allowing people to pay off $ loans at 1515, reducing your NPLs? BDL should ban these idiotic conversions immediately if banks don’t realize the stupidity of what they’re doing.
