TCMB sets a historical record: Foreign exchange and gold reserves have increased!

Latest Data from the Central Bank of Turkey

The Central Bank of the Republic of Turkey (CBRT) highlights positive developments in the economy with the increase in foreign exchange reserves. In the week of October 10, the CBRT raised its net foreign exchange reserves to 79.22 billion dollars, marking a significant increase of 3.97 billion dollars compared to the previous week. Last week, net reserves were recorded at 75.25 billion dollars.

Notable Increase in Total Reserves

The total reserves of the CBRT also reached 189.7 billion dollars from 186.2 billion dollars during this period, showing an increase of 3.5 billion dollars. When we look at the details of this increase, developments in both foreign exchange and gold reserves stand out. Gold reserves rose from 99.19 billion dollars to 102.39 billion dollars, while foreign exchange reserves saw a more modest rise, increasing from 87.03 billion dollars to 87.33 billion dollars.

Foreign Investors' Activities in the Bond Market

The movements of foreign investors in the Turkish bond market are also being observed. Last week, non-residents made a net purchase of 307.8 million dollars in government domestic debt securities (DIBS), while a net outflow of 358.5 million dollars was recorded the previous week. Therefore, it can be said that a new trend of inflows has begun in the bond market.

Situation in the Stock Market

On the other hand, foreign investors continue to show an exit trend in the stock market. According to the latest reports, non-residents made a net sale of 109.7 million dollars last week, while they had also realized a 84.1 million dollars sale the previous week. This situation indicates that foreign investors are adopting a cautious approach in the stock market.