The Cost of the Fund Crisis Is Mounting: Central Bank Makes Record Sales in 3 Days.

BoldMedya

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BOLD – Following the investment fund crisis that erupted on September 17, the loss in the Central Bank's foreign exchange reserves has accelerated again. According to market calculations, it is estimated that approximately $7 billion worth of foreign currency was sold in the last three trading days, while the net foreign exchange position, excluding swaps and Treasury foreign exchange, has fallen to $23 billion. The sharp drop in the net foreign…

abcgazetesi.com.tr

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Following the investment fund crisis, the fluctuations in the Turkish Central Bank's foreign exchange reserves are back in the spotlight. According to OYAK Investment's calculations, the net foreign exchange position, excluding swaps and Treasury foreign currency, decreased by approximately $6.7 billion between October 19-23. The decline in gross reserves also drew attention.

Karar Gazetesi

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The decline in the Central Bank's reserves, which began after the investment fund crisis that erupted on September 17, accelerated again in the last days of October. According to current market calculations, the Central Bank's net foreign exchange position, excluding swap transactions and Treasury foreign exchange, has fallen to around $23 billion. This indicates that approximately $7 billion worth of foreign exchange was sold in the last three …

serbestiyet.com

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Following the funds scandal that erupted on September 16, it is estimated that the Central Bank's net foreign exchange sales reached $20 billion. Excluding the impact of changes in gold prices, this figure is $15.4 billion. The article "The Cost of the Funds Scandal to the Central Bank: $20 Billion" was first published on Serbestiyet.