Application Deadline for Exchange Rate Protected Deposits Reached
The Central Bank plans to end the Exchange Rate Protected Deposit (KKM) application in 2025.
After several years of implementing the Exchange Rate Protected Deposit (KKM) application, the Central Bank has announced its plans to end the program in 2025. The decision comes as part of the bank’s efforts to streamline its operations and adapt to changing economic conditions.
The Exchange Rate Protected Deposit (KKM) program was introduced to help protect against currency fluctuations and provide a level of security for depositors. However, with the evolving landscape of the financial market, the Central Bank has deemed it necessary to discontinue the application.
While the program has been successful in achieving its initial objectives, the Central Bank believes that it is time to shift focus and explore new strategies to support economic stability and growth. The decision to end the KKM program is a reflection of the bank’s commitment to adapt and evolve in order to better serve the needs of the economy and the public.
