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FX reserves

Turkey's Erdogan defends plunge in reserves under ex-minister Albayrak

Turkey's Erdogan defends plunge in reserves under ex-minister Albayrak

  • Erdogan described the CHP campaign as an attack on his family, and that Albayrak had been at the forefront of the country's economic battle.
  • Planned forex transactions were carried out in this difficult period to ensure there were no problems with the balance of payments.
Updated 22 Feb, 2021 10:04pm
Turkish net FX reserves climb to $14.02bn
Markets

Turkish net FX reserves climb to $14.02bn

  • The exchange rate used by Reuters on Thursday was 7.1324 compared to 7.3723 the previous week.
  • The reserves fell last year as state banks sold off an estimated $130 billion to stabilise the ailing lira, which still lost 20% of its value in 2020.
Updated 11 Feb, 2021 09:26pm
Turkish net FX reserves climb to $13.8bn
Markets

Turkish net FX reserves climb to $13.8bn

  • The exchange rate used by Reuters on Thursday was 7.3723 compared to 7.3836 the previous week.
  • The reserves eroded last year as state banks sold off an estimated $130 billion to stabilise the ailing lira.
Published 04 Feb, 2021 05:39pm
Chilean central bank to buy $12bn to replenish FX reserves
Markets

Chilean central bank to buy $12bn to replenish FX reserves

  • The bank said it would take the step ahead of the closing off in mid-2022 of a flexible, $24 billion credit line extended by the IMF.
  • The board considers it prudent to initiate a process that allows it to replace the role of the FCL (flexible credit line) by gradually accumulating international reserves.
Published 13 Jan, 2021 08:52pm