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, an important increase observed in the reserves of the Central Bank of the Republic of Turkey (TCMB) created a notable impact in the markets. According to TCMB data, gross reserves rose to 185 billion dollars, outperforming the previous week's 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 as 69.3 billion dollars. Additionally, it was noted that net reserves excluding swaps also showed an increase, reaching 58.4 billion dollars. The previous week, this figure was 52.7 billion dollars.

This increase in TCMB's reserves is regarded as an important development, especially in terms of maintaining the value of the Turkish Lira, and could affect market dynamics.