Significant Increase in TCMB Reserves: 185 Billion Dollars!

Increase in Türkiye Cumhuriyet Merkez Bankası (TCMB) Reserves

In the week of November 7, the significant increase observed in the reserves of the Türkiye Cumhuriyet Merkez Bankası (TCMB) had a notable impact on the markets. According to TCMB data, gross reserves rose to 185 billion dollars, performing above the previous week's 183.6 billion dollars level.

Net Reserves and Excluding Swap Data

During the same period, TCMB's net reserves also increased to 73.3 billion dollars. Last week, this figure was recorded at 69.3 billion dollars. Additionally, it was noted that net reserves excluding swaps also showed an increase, rising to 58.4 billion dollars. The previous week, this figure was 52.7 billion dollars.

The increase in TCMB's reserves is considered an important development, particularly in terms of maintaining the value of the Turkish Lira, and it may affect market dynamics.