Newsletters
Türkiye’s central bank reserves climbed sharply in the week ending April 10, posting a strong recovery alongside renewed foreign investor interest and improving financial indicators.
Total reserves rose by 5.7%, increasing $9.3 billion to reach $170.9 billion, according to official data. Gold reserves expanded by 3.5% to $106.8 billion, while foreign currency holdings recorded a steeper 11% increase, reaching $56.3 billion.
Net reserves also advanced, rising $10 billion to $55.6 billion. In a notable shift, net reserves excluding swaps rebounded for the first time since the post-war period, climbing $12 billion to surpass $30 billion again.
Over the same period, non-resident investors stepped back into Turkish assets, purchasing $430.3 million in equities and $712.7 million in government domestic debt securities. The combined weekly net inflow into equities and bonds reached $1.22 billion as of April 10.
Foreign holdings reflected this uptick. Equity stock held by non-residents increased to $42.42 billion, while their government bond holdings rose to $15.21 billion. Carry trade activity also regained momentum, with volumes climbing back above $50 billion.
Foreign investors are expected to gradually increase their positions as disinflation regains traction, though market volatility will likely stay high amid regional developments, local brokerage Colendi assessed.
The banking sector’s total deposits inched higher during the same week, rising by 0.5% to reach ₺29.6 trillion ($661.2 billion).
Foreign currency deposits stood at $272 billion. Of this, $234.3 billion belonged to residents within Türkiye. When adjusted for exchange rate effects, domestic foreign currency deposits declined by $987 million as of April 10.
Consumer lending showed a modest expansion, with loans to residents increasing by 0.6% to ₺6.2 trillion.
Set as preferred source
Set as preferred source
1 min read
1 min read
