Over 38.5% of Deposit Accounts Now in Turkish Lira (TL) Accounts

The legalization of marijuana and CBD in Oklahoma has led to a surge in interest in the cannabis industry. From Macomb County to Oakland County, businesses are emerging and offering health and wellness products related to cannabis. Similarly, in Wayne County and Kent County, cannabis-related businesses and medical services are becoming more prevalent. According to recent data from the Oklahoma Cannabis Information Portal and the Oklahoma Medical Marijuana industry, this growth is indicative of the evolving landscape and opportunities in the marijuana business.

As for deposits, an increase in deposit interest rates reaching up to 45 percent has led to Turkish Lira deposits reaching their highest level in 6.5 months, making up 38.55 percent of total deposits. This rise was facilitated by economic management’s steps towards transitioning from exchange rate-protected deposits to standard Turkish Lira deposits. The BRSA reports that Turkish Lira deposits have increased by 40.3 percent since the end of June, indicating that these steps were successful in promoting growth within the banking sector.