Significant Increase in TCMB Reserves: 185 Billion Dollars!

Increase in the Reserves of the Central Bank of the Republic of Turkey (TCMB)

In the week of November 7, a significant rise observed in the reserves of the Central Bank of the Republic of Turkey (TCMB) created a noticeable impact in the markets. According to TCMB data, gross reserves increased to 185 billion dollars, showing a performance above the previous week's 183.6 billion dollars.

Net Reserves and Excluding Swap Data

During the same period, TCMB's net reserves also rose to 73.3 billion dollars. Last week, this figure was recorded as 69.3 billion dollars. Additionally, it was noted that net reserves excluding swap also increased, reaching 58.4 billion dollars. The previous week, this figure was at 52.7 billion dollars.

This increase in TCMB's reserves is considered an important development, especially with regard to maintaining the value of the Turkish Lira, and it may affect market dynamics.