Important Increase in Central Bank Reserves: 185 Billion Dollars!

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

In the week of November 7th, a significant increase observed in the Central Bank of the Republic of Turkey (TCMB) reserves had a noteworthy impact on the markets. According to TCMB data, gross reserves rose to 185 billion dollars, outperforming the previous week's 183.6 billion dollars level.

Net Reserves and Data Excluding Swaps

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

This rise in TCMB's reserves is considered an important development, particularly in terms of preserving the value of the Turkish Lira, and it could affect market dynamics.