The downward momentum in TCMB net reserves continues

CBRT

The Central Bank of the Republic of Turkey has released the financial data for the week of May 29th to June 2nd.

The net reserves of the Central Bank of the Republic of Turkey, excluding swaps, were -$61.2 billion last week.

The net reserves of the Central Bank of the Republic of Turkey, excluding swaps, were -$60.5 billion a previous week.

During the week of June 2nd, the downward momentum in foreign currency deposits continued. Domestic residents’ foreign currency deposits decreased by $541 million, reaching $175.5 billion. Parity-adjusted foreign currency deposits decreased by $1.1 billion. Parity-adjusted foreign currency deposits decreased by $740 million for individuals and $310 million for legal entities.

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