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The deposit rates offered by banks in Turkey are high enough to encourage customers to switch from FX to Turkish lira, Bloomberg quoted Akbank (AKBNK) CEO Kaan Gur on February 13 as saying. Akbank is the third-largest private bank in Turkey. Turkey’s government aims to curb FX-linked accounts at local banks. The central bank’s decision last week to pay interest on some portions of required reserves helped push up deposit rates, according to Gur. The weighted average lira deposit rate with maturities of up to three months has risen to 51% as of February 2 from 49.6% a week earlier. Official inf…

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