M3 comprises M2, deposits of government agencies and social security institutions in national currency with commercial banks, and time and savings deposits in national currency of nonbank financial institutions, central government, state and local governments, nonfinancial public enterprises, and private sector with the CBRT. Beginning in December 2005, comprises M2, funds received from repurchase transactions by banking institutions and the CBRT with nonbank financial institutions, state and local governments, nonfinancial public enterprises, and private sector in national and foreign currency and deposits with money market funds (B-Type Liquid Funds). Beginning in December 2010, includes securities other than shares issued by other depository corporations held by the private sector.
Source: International Monetary Fund
Release: International Financial Statistics
International Monetary Fund, M3 for Turkey© [MYAGM3TRM189N], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/MYAGM3TRM189N, May 28, 2016.