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Central Bank of the Republic of Türkiye (TCMB) reserves are estimated to have shed another $4.1 billion in the week ending Oct. 30, bringing the total down from $162.2 billion a week earlier, according to calculations based on the bank's preliminary data.
The figures come amid the fallout from September's market rout, which erupted after several investment funds failed to meet redemption requests. Authorities subsequently ordered the liquidation of 131 troubled funds holding an estimated ₺936.3 billion ($19.1 billion) in combined assets, affecting more than 455,000 investors at the time.
The central bank has yet to release its official weekly reserve data for the period. However, the latest estimate extends the decline to three consecutive weeks, with reserves falling from $169.1 billion on Oct. 16 to $162.2 billion on Oct. 23, financial data provider Matriks reported.
Türkiye’s reserves began 2026 at $189.1 billion and climbed to a yearly peak of $218.2 billion on Jan. 30 before sliding to $149.2 billion on June 26.
Although reserves recovered after that low, the decline resumed in the following months, with reserves falling by $17 billion in September and an estimated $13.1 billion in October.
By Oct. 30, reserves are estimated to have lost $35.8 billion, or 18.5%, from their $193.9 billion level at the end of 2025. They also remain $60.1 billion, or 27.5%, below their January peak.
Official TCMB data show that total reserves fell by $6.9 billion in the week ending Oct. 23, declining from $169.1 billion to $162.2 billion.
During the same period, gross foreign exchange reserves dropped by $3.1 billion to $59 billion from $62.1 billion, while gold reserves fell by $3.8 billion to $103.1 billion from $106.9 billion.
Net international reserves declined by $8.6 billion to $42.8 billion, while net reserves excluding swaps fell by $8.4 billion to $37.7 billion.
Foreign investors recorded net sales of $100 million in Turkish equities in the week ending Oct. 23, although their net purchases for 2026 remained positive at $1.3 billion.
In government bonds, foreign investors sold a net $183.8 million during the week, excluding repurchase agreements, bringing their net purchases for the year to $1.9 billion. Their share of the government bond market stood at 6.7%.
Foreign investors also sold $285.3 million in private-sector bonds during the same period.
Despite the weekly outflows, total net foreign inflows into equities, government bonds and other securities reached $3.2 billion since the start of 2026. As of Oct. 23, foreign investors held Turkish equities worth $31.6 billion and government bonds worth $16.6 billion.
The market value of their private-sector bond holdings also declined, falling to $2.7 billion from $3 billion.
Total deposits in Türkiye’s banking sector fell by 0.6% in the week ending Oct. 23, dropping by ₺203.1 billion ($4.1 billion) to ₺34.2 trillion from ₺34.4 trillion.
Total foreign-currency deposits across the banking sector stood at $262.6 billion, including $224.5 billion held by domestic residents.
After adjusting for exchange-rate effects, domestic residents’ foreign-currency deposits increased by $223 million during the week.
Consumer loans, meanwhile, continued to expand, rising by 0.9% to ₺6.9 trillion over the same period.
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