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 Türkiye Cumhuriyet Merkez Bankası (TCMB) reserves created a noteworthy impact in the markets. According to TCMB data, gross reserves rose to 185 billion dollars, surpassing the previous week's level of 183.6 billion dollars.

Net Reserves and Data Excluding Swaps

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 increased, 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 for maintaining the value of the Turkish Lira, and may influence market dynamics.