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The Central Bank of the Republic of Türkiye (CBRT) reserves sharply climbed by $13.9 billion in the week ending Aug. 7, reaching $178.4 billion, their highest level since March, according to data released Thursday.
The increase was fueled by fresh foreign exchange purchases by the central bank, lifting gross FX reserves by $7.2 billion to $71 billion, while higher global gold prices drove gold reserves up $6.7 billion to $107.3 billion.
Net international reserves advanced to $63 billion from $54.2 billion a week earlier, while net reserves excluding swaps reached $50.6 billion, up from $40.8 billion.
Foreign investors picked up $1.5 million in equities, $545.8 million in government domestic debt securities (GDSs), and $210 million in securities issued by non-government sectors last week, figures showed.
The purchases mark a shift from the previous week, when foreign investors recorded a net sale of $185.9 million in equities and a net purchase of $164.0 million in government bonds. Their combined purchases across the three securities categories totaled $757.3 million during the week.
Foreign investors’ equity holdings stood at $40.8 billion, versus $39.6 billion a week earlier. Their government bond holdings rose to $18.5 billion from $17.9 billion, while holdings of securities issued by non-government sectors moved up to $4.1 billion from $3.9 billion.
The banking sector’s total deposits expanded 1.3% in the week ending Aug. 7 to ₺32.8 trillion from ₺32.4 trillion a week earlier.
Turkish lira-denominated deposits declined 0.3% to ₺17.8 trillion, while foreign-currency deposits grew 3.6% to ₺10.8 trillion over the same period.
Total FX deposits at banks came to $267.6 billion last week, with $227.4 billion held by domestic residents. On an exchange-rate-adjusted basis, their FX deposits increased by $1.8 billion as of Aug. 7.
Consumer loans held by domestic residents in the banking sector slipped 1% last week to ₺6.8 trillion.
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