A break in the series of decreases in CBRT reserves
Quick Look
According to the data of the Central Bank of the Republic of Turkey, in the week of November 6, gross reserves increased by 3 billion dollars to 161.1 billion dollars, and net reserves increased by 3.2 billion dollars to 41.2 billion dollars.
AI-generated summary
Why It Matters
CBRT reserves have been in a downward trend for a while.
The downward momentum in the reserves of the Central Bank of the Republic of Turkey (CBRT) ended in the week of November 6.
According to CBRT data, gross reserves increased by 3 billion dollars in the week of November 6 compared to the previous week, reaching 161.1 billion dollars.
Net reserves increased by 3.2 billion dollars in the same period, reaching 41.2 billion dollars.
Net reserves excluding swaps, which decreased to 24.3 billion dollars, increased by 4.3 billion dollars and reached 28.6 billion dollars.
Open Questions
- What is the main source of the increase?
