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Turkish central bank’s reserves continue to drop, falling below $140B

The logo of the Central Bank of the Republic of Türkiye (CBRT) is seen on the institution’s headquarters building in Ankara, Türkiye, accessed on May 8, 2025. (AA Photo)
The logo of the Central Bank of the Republic of Türkiye (CBRT) is seen on the institution’s headquarters building in Ankara, Türkiye, accessed on May 8, 2025. (AA Photo)
May 08, 2025 04:54 PM GMT+03:00

The Central Bank of the Republic of Türkiye (CBRT) reported on Thursday that its total reserves decreased by $2.52 billion to $138.53 billion in the week ending May 2, compared to the previous week.

The bank had held $141.05 billion in total reserves as of April 25, reflecting continued pressure on Türkiye’s foreign exchange and gold reserves.

As of May 2, gross foreign exchange reserves fell by $1.67 billion to $57.58 billion. Gold reserves also dropped by $845 million, decreasing from $81.80 billion to $80.96 billion.

Chart illustrates the Turkish central bank’s international reserves from December 2023 to May 2025, showing a steady decline to $138.53 billion by May 2, created on May 8, 2025. (Chart via Türkiye Today/Onur Erdogan)
Chart illustrates the Turkish central bank’s international reserves from December 2023 to May 2025, showing a steady decline to $138.53 billion by May 2, created on May 8, 2025. (Chart via Türkiye Today/Onur Erdogan)

Non-residents sell GDS and other securities

According to the "Weekly Securities Statistics," non-resident investors were net buyers of $173.6 million in equities during the week ending May 2, while they sold $1.16 billion in Government Domestic Securities (GDS) and $30.8 million in securities issued by sectors other than general government.

The equity holdings of non-resident investors declined from $28.57 billion on April 25 to $27.81 billion as of May 2. During the same period, their holdings in GDS dropped from $10.33 billion to $9.12 billion, and their holdings in non-government sector securities fell from $370.7 million to $338.6 million.

Banking sector deposits rise

The banking sector’s total deposits increased by ₺74.91 billion ($1.93 billion) in the week ending May 2, rising from ₺22.53 trillion to ₺22.60 trillion.

Domestic consumer loans in the banking sector rose by 2% last week to ₺4.32 trillion. Of these loans, ₺562.09 billion were housing loans, ₺63.85 billion were vehicle loans, and ₺1.62 trillion were personal loans.

The total credit volume of the banking sector, including the CBRT, rose by ₺182.35 billion during the week ending May 2, reaching ₺17.80 trillion.

May 08, 2025 04:55 PM GMT+03:00
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