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Turkish central bank's

Turkish central bank's net FX reserves rise to $23.25bn

Turkish central bank's net FX reserves rise to $23.25bn

Published 16 Jul, 2021 05:16pm
  • The reserves have emerged this year as a focus of what the political opposition calls government mismanagement. They plunged in 2019-2020 as state banks sold off $128 billion to stabilise the lira, which still fell 20% in 2020.
Turkish central bank's net FX reserves rise to $20.91bn

Turkish central bank's net FX reserves rise to $20.91bn

Published 01 Jul, 2021 04:50pm
  • They plunged in 2019-2020 as state banks sold off $128 billion to stabilise the lira, which still fell 20% in 2020.
  • Bank's outstanding swap transactions stood at $44.689 billion as of Wednesday.
Turkey's net FX reserves edge above $12bn as of May 7

Turkey's net FX reserves edge above $12bn as of May 7

Updated 17 May, 2021 09:39pm
  • The reserves have emerged in recent months as a focus of what the political opposition calls government mismanagement. They plunged in 2019-2020 as state banks sold off $128 billion to stabilise the lira, which still fell 20% in 2020.
  • Net forex reserves were around $41 billion at the end of 2019.
Turkey's net FX reserves rise to $11.96bn as of April 30

Turkey's net FX reserves rise to $11.96bn as of April 30

Published 06 May, 2021 05:36pm
  • A week earlier the reserves - which have become the focus of the political opposition's criticism in recent weeks - stood at $11.224 billion.
  • The exchange rate used by Reuters on Thursday was 8.1753 compared to 8.2694 the previous week.
Turkey's net FX reserves rise to $11.22bn as of April 23

Turkey's net FX reserves rise to $11.22bn as of April 23

Published 29 Apr, 2021 06:45pm
  • A week earlier the reserves - which have become the focus of the political opposition's criticism in recent weeks - had recovered from 18-year low and stood at $10.585 billion.
  • The exchange rate used by Reuters on Thursday was 8.2694 compared to 8.0567 the previous week.
Turkey's net FX reserves rise to $10.6bn from 18-year low

Turkey's net FX reserves rise to $10.6bn from 18-year low

Published 22 Apr, 2021 05:36pm
  • A week earlier the reserves - which have become the focus of the political opposition's criticism in recent weeks - had fallen to $9.93 billion, their lowest level since April 2003.
  • The reserves plunged last year as state banks sold off $128 billion to stabilise the lira, which still lost 20% of its value in 2020. Net forex reserves were around $41 billion at the end of 2019.
Turkish lira weakens anew as central bank worries resurface

Turkish lira weakens anew as central bank worries resurface

Published 26 Mar, 2021 07:54pm
  • The lira dropped to as far as 8.09 before trimming losses to 1% to stand at 8.01 at 1300 GMT. It has shed some 10% of its value since Naci Agbal was sacked as central bank governor early on Saturday.
  • "The new governor at the very, very least has to hold pat in the April 15 meeting, and ideally with a tightening bias," said Patrick Esteruelas, head of research at Emso Asset management in New York.
Turks' hard currency holdings rise again after brief decline

Turks' hard currency holdings rise again after brief decline

Published 18 Mar, 2021 05:45pm
  • The holdings have eased from a record high of $236.11 billion in January. When adjusted with the parity effect, the data showed the hard currency holdings dropped by $195 million in the week to March 12.
  • Data also showed on Thursday that foreign investors sold $126.4 million worth of Turkish government bonds in the week to March 5, as well as $117.6 million worth of stocks.
Turkish net FX reserves climb to $14.02bn

Turkish net FX reserves climb to $14.02bn

Updated 11 Feb, 2021 09:26pm
  • 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.
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