Newsletters
Türkiye’s international reserves increased by $4.2 billion during the week ending Feb. 27, reaching a total of $210.3 billion, according to the latest data from the Central Bank of the Republic of Türkiye (CBRT).
The central bank reported that its gross foreign currency reserves fell by $212 million to $73.4 billion, while gold reserves rose by $4.4 billion to $136.8 billion during the week, with net international reserves increasing from $89.2 billion to $91.8 billion and net reserves excluding swaps standing at $78.8 billion.
Foreign investors scaled back their equity purchases during the week while continuing to sell government bonds.
Nonresident investors bought $65.3 million worth of equities and $454.5 million in assets classified as securities issued by sectors outside the general government. At the same time, they sold $212.8 million in government domestic debt securities.
The total stock of equities held by nonresidents declined from $43.0 billion in the week ending Feb. 20 to $42.8 billion by Feb. 27. Holdings of government domestic debt securities also dropped from $22.3 billion to $22.1 billion. Meanwhile, the stock of securities issued by sectors outside the general government stood at $1.9 billion.
Data showed continued growth in Türkiye’s banking sector balance sheets, with total deposits increasing by 1.5% in the week ending Feb. 27 to reach ₺29.7 trillion ($675.06 billion).
Foreign currency deposits held in banks totaled $277.9 billion during the week. Of that amount, $239.7 billion belonged to residents in Türkiye. Adjusted for exchange rate effects, residents’ foreign currency deposits rose by $2.1 billion as of Feb. 27.
The total volume of loans extended by the banking sector also increased, reaching ₺23.5 trillion during the same period.
Set as preferred source
Set as preferred source
1 min read
1 min read
