Reserves of the Central Bank of Turkey see new bottom
The Central Bank’s net reserve, excluding those borrowed by swaps, saw a new low of minus 56.4 billion dollars on December 31. The decline in the reserve of the Central Bank (CBRT) continued during the week of December 31.
As of December 31, the CBRT’s net international reserves, including foreign currency and gold borrowed by swap (swap), fell by $ 288 million compared to the previous week to $ 8.34 billion. Thus, the CBRT’s net international reserves fell below the bottom levels seen in the last year and reached a new low level since August 2002.
Net reserves had decreased from $21.17 billion in December following the direct intervention of the CBRT in the foreign exchange market on the sale side. The bank’s net reserves, excluding swaps, which saw a historic low of minus 55.7 billion dollars last week, also saw a new low of minus 56.7 billion dollars.
The bank’s gross reserves, which include debts, borrowed foreign currency and gold borrowed increased to $ 111 billion 52 million in the week ending December 31. The previous week, this figure was 110 billion 926 million dollars.
FOREIGN CURRENCY DEPOSITS OF NATURAL PERSONS INCREASED
Foreign currency deposits of domestic residents decreased by $ 1.9 billion in the week ended December 31. The decline, adjusted for the parity effect, was $2.6 billion.
SOURCE: sozcu.com.tr/2022/ekonomi/merkezin-swap-haric-net-rezervi-564-milyar-dolara-geriledi-6871531/?utm_source=dengage&utm_medium=push&utm_campaign=mbrezerv&dn_send_id=760&dn_channel=web_push
Foreign currency deposits of natural persons, when adjusted for the effect of parity, recorded an increase of $ 351 million. The inventory increase was 933 million dollars.
