The money can be borrowed in TRY or foreign currency. However,there will be an exchange rate valuation at the end of provisional tav periods for foreign currency borrowings.

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

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There are more than 108 thousand 864 hundred people in Turkey who have 1 million in their bank accounts in 2016 December, and total deposit money in Turkey is 715 billion 313 million Turkish Lira.

At the end of August 2017; there is 16 thousand 517 people more who have 1 million in Turkey and there is 125 thousand 381 people in total. Their total deposit money is 767 billion 721 million.

The millionaires deposit money within the same period is separated as follows: 395 billion 115 million is local currency, 369 billion is foreign currency, and 632 million is deposits and 2 billion 974 million is precious metal deposits account.

Average deposit is 6 million 123 thousand for each millionaire.

Depositor: The ones who invest money for interest.

Source: Fortune Turkey
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

1-How much is the total deposit account on Turkish Banks?
There is 894 billion 612 million 769 thousand Turkish lira deposit account amount in Turkish Banks.

2-How much is the currency deposit?
There is 759 billion 305 million 254 thousand Turkish lira currency deposit on Turkish banks’ accounts.
These amounts are attained on 8th December 2017.

4- What was the situation last year?
There was 797 billion 242 million 076 thousand Turkish lira in Turkish banks on 9th December 2017. In the same period, there was 604 billion, 649 million, 556 Turkish currency deposits on the bank accounts.

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Bitcoin surpassed $10,000 as seen on CoinDesk. Lee told Squawk Box: We think over the next 10 years, this new generation of millennials are going to view trust as a replacement for gold. So, bitcoin is essentially digital gold for another generation. If it gets “5 percent of just the gold market, it’s $25,000. But 5 percent seems like an awfully small number. Let’s say it’s 10 or 15. Then bitcoin could easily be in the $100,000 range.”

Lee raised his mid-2018 price target for bitcoin to $11,500. Bitcoin is up more than 130 percent over the last three months. Earlier this week, former Fortress hedge fund manager Michael Novogratz predicted on CNBC that bitcoin could “easily” be at $40,000 at the end of 2018.

Source: cnbc

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Unless aforesaid documents and properties are introduced as warrant, a confidential person can be introduced as a warranter in the capacity of joint warrantor and joint debtor on condition that it is accepted by Social Security Institution.

2- HOW SHOULD BE MADE THE VALUATION OF PROPERTIES INTRODUCED AS WARRANT?
Valuation of properties should be made with;
2.1- Reports prepared by technical employees,
2.2- Reports prepared by assessment centers or valuation experts given the authority within the scope of Capital Market Legislation,
2.3- Reports prepared by persons given the authority of expertness and arbitration by Chambers of Commerce, Industry, Shipping and Chambers of Turkish Engineers and Architects or related administrations,
2.4- Reports prepared by banks and insurance companies and related to valuation,
2.5- Reports prepared by experts appointed by Civil Courts.

Source: SSI

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.