Major Depletion in CBRT Reserves: Downward Streak Extends to Three Weeks.
7 Articles
7 Articles
The cost of the implemented economic policies continues to be felt in the Central Bank's coffers. The Central Bank's total reserves, which stood at $218 billion at the beginning of the year, have virtually melted away in the intervening months. With the continuous decline over the last three weeks, reserves are estimated to have fallen to $158.1 billion.
The total reserves of the Central Bank of the Republic of Turkey (TCMB) decreased by $6.906 billion in the week of October 23 compared to the previous week, reaching $162.191 billion.
The total reserves of the Central Bank of the Republic of Turkey are expected to decrease by $4.1 billion in the week of October 30, falling to $158.1 billion. This marks the third consecutive week of decline in reserves, bringing the total loss from the year's peak to $60.1 billion.
According to Central Bank of Turkey (TCMB) data, the banking sector's total deposits decreased by 203 billion 104 million lira in the week ending October 23, falling to 34 trillion 217 billion lira. Consumer loans and total loan volume, however, increased during the same period.
The total reserves of the Central Bank of the Republic of Turkey (TCMB) decreased by $6.906 billion in the week of October 23 compared to the previous week, reaching $162.191 billion.
The total reserves of the Central Bank of the Republic of Turkey (TCMB) decreased by $6.906 billion in the week of October 23 compared to the previous week, reaching $162.191 billion.
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