Erdoğan Holds Meeting on Fund Crisis: Immediate Payment Plan for Those with Less than 1 Million TL in the System!

Cumhuriyet

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A meeting regarding the fund crisis was held under the leadership of AKP President Recep Tayyip Erdoğan. One of the decisions made at the meeting was to immediately pay those who have less than 1 million TL in the system.

Sözcü

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The management of the economy met yesterday under the chairmanship of President Recep Tayyip Erdogan in order to alleviate the suffering of investors in the wake of the fund crisis. At the meeting, the acceleration of payments of investors who will receive less than TL 1 million and exclude some funds from the scope of liquidation

turkiyegazetesi.com.tr

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President Erdoğan has instructed that the problems of 455,000 investors affected by the liquidation of 131 funds be resolved quickly. According to the priority payment plan being worked on, money market fund investors and citizens with investments up to 1 million TL will be given priority in repayments. While calculations are ongoing based on Takasbank collateral, a clear roadmap for resolving the crisis is expected to be announced on Tuesday.

medyafaresi.com

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The prevailing opinion at the meeting was that money market fund investors, and those with investments of up to 1 million TL in these funds, should have their funds invested in a short period of time.

anlatilaninotesi.com.tr

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New options are being considered for paying investors in funds under liquidation. According to Sabah columnist Dilek Güngör, options include making quick payments to those with savings of less than 1 million TL and prioritizing money market funds. No final payment decision has been made yet.

yenicaggazetesi.com

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According to Sabah columnist Dilek Güngör, who wrote that Erdoğan instructed that the grievances be addressed quickly, the prevailing view is that those who invested up to 1 million TL in the funds should receive their money back in a short time. The roadmap is expected to be finalized on Tuesday.