Turkey's central bank reserves fall to $159.2 billion on the week
Turkey's central bank total reserves fell by $949 million week-on-week to $159.2 billion as of 26 May. The decline was driven by a contraction in gross foreign exchange reserves.
TRT Haber Ekonomi · TRT HaberTurkey's central bank (CBRT) said total reserves stood at $159.226 billion as of 26 May, according to its weekly money and banking statistics. The previous week's figure was $160.175 billion, a decline of $949 million.
Within the breakdown, gross foreign exchange reserves slipped from $90.8 billion to $89.7 billion, while gold reserves edged up from $69.3 billion to $69.4 billion. The CBRT did not comment beyond the data release. Independent analyst Halil Karagöz, formerly of BDDK, said: 'The decline is consistent with weekly FX swap unwinds and not an alarming trend.'
By contrast, HSBC Türkiye Chief Economist Melis Metiner said: 'The trajectory of the net reserve line will need to be watched over coming weeks, especially if demand for the lira weakens, pressure could rise.' The next weekly dataset is due next Thursday. This is not investment advice.
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