Turkey’s central bank posted a loss of 700.4 billion lira ($18.4 billion) in 2024, according to its balance sheet published in the Official Gazette this week.
In 2023, the bank had posted a loss of 818.2 billion lira (or $25 billion at that time).
The loss, stemming from a foreign exchange-protected deposit scheme, prompted the central bank to pass on distributing profit to the Treasury in 2023 and now in
