Turkey’s Central Bank Net Reserves Drop by Over $6 Billion in a Week

The Central Bank of the Republic of Turkey (CBRT) has reported a significant decline in net international reserves, with a drop of $6.014 billion in just one week, according to the latest financial data.

As of last week, CBRT net reserves fell to $56.082 billion, down from $62.096 billion recorded the previous week.

Two-Week Reserve Loss Approaches $18 Billion

This recent decrease brings the total decline in net reserves over the past two weeks to $17.818 billion, raising concerns about the resilience of Turkey’s financial buffer amid ongoing economic pressures.

Economists are closely watching these figures, as declining reserves can impact foreign exchange stability, monetary policy flexibility, and investor confidence, especially in the face of persistent inflationary trends and external financing needs.