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Foreign investors pulled $879 million out of Turkish equities, government bonds and other securities in the week ending Oct. 30, while the Central Bank of the Republic of Türkiye (CBRT) saw its total reserves shrink by $4.1 billion, according to official data released Thursday.
Government debt accounted for the bulk of foreign outflows, while the central bank's swap-excluded net reserves retreated to their lowest level in approximately seven months.
The central bank's total reserves fell to $158.1 billion from $162.2 billion during the week for the second consecutive week.
Gross foreign exchange reserves accounted for most of the decline, falling by $3 billion to $56.1 billion from $59 billion. Gold reserves also decreased by $1.1 billion to $102 billion from $103.1 billion amid falling global prices during the period.
Net international reserves shrank by $4.8 billion to $37.9 billion. Net reserves excluding swaps also dropped to $24.3 billion from $30.8 billion, marking their lowest level in approximately seven months.
Total reserves have declined by $35.8 billion since the end of 2025, when they stood at $193.9 billion. Net reserves have fallen by $41.8 billion from $79.8 billion over the same period.
Nonresident investors sold $66.3 million in Turkish equities, $750.4 million in government domestic debt securities (GDS) and $62.3 million in other securities issued outside the general government sector.
Their government debt holdings dropped to $15.8 billion from $16.6 billion, bringing their share of the market down to 9.4% from 9.7%.
Equity holdings also declined to $31.3 billion from $31.6 billion, while positions in other securities slipped to $2.7 billion.
The selling trend in equities continued for a fifth consecutive week, with foreign investors recording net outflows in every weekly reporting period since Oct. 2. Their share of the Turkish equity market nevertheless edged up to 37.6% from 37.5%.
The banking sector's total deposits decreased by 0.3% to ₺34.1 trillion ($681.4 billion) during the week, with Turkish lira deposits falling to ₺20.2 trillion. Consumer loans, meanwhile, increased by 1.65% to ₺7 trillion.
Foreign currency deposits held by domestic residents declined by $691 million to $223.8 billion. However, after adjusting for exchange-rate movements, they increased by $585 million.
Corporate deposits rose by $321 million to $86.2 billion, while individual holdings sank by $1 billion to $137.6 billion.
On an exchange-rate-adjusted basis, corporate deposits increased by $516 million, compared with a $69 million rise in individual accounts. Gold's share of domestic residents' foreign currency deposits also declined to 38.2% from 40.2% at the end of 2025.
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