Turkish Central Bank

Central Bank reserves top $120 bln, 1st time since November 2016

The Turkish Central Bank's total reserves rose by $944 million to hit $120.1 billion last week, for the first time since November 2016.

According to weekly money and bank statistics published by the bank, the gross foreign exchange reserves increased by $1.6 billion to $79.6 billion on Sept. 10, from $78.5 billion on Sept. 3.

Turkish private sector's foreign debt falls in July

The Turkish private sector's outstanding external loans stood at $173.3 billion in July, decreasing by $130 million compared to the end of 2020, the Turkish Central Bank said on Sept. 15. 

Excluding trade credits, the sector's short-term loans received from abroad were at $9.5 billion in July, down $240 million from the end of last year.

Current account balance sees 11-month low figure in July

Turkey's current account balance posted a deficit of $683 million, down $1.3 billion from the same month last year, the Turkish Central Bank announced on Sept. 13.

With July figures, the current account deficit saw its eleven-month low.

According to the balance of payments figures released by the bank, the country's 12-month rolling deficit totaled almost $27.8 billion.

Turkish Central Bank reserves to surpass $115 bln: Erdoğan

Turkish Central Bank's reserves will surpass $115 billion when pending transactions are completed, Turkey's president said on Aug. 24. 

class='cf'>

The bank's official reserves so far stand at $109 billion, Recep Tayyip Erdoğan said at the meeting of AKP provincial heads in the capital Ankara.

Turkey's net int'l investment position improves in June

Turkey's net international investment position (NIIP) showed a recovery this June, falling 25% compared to end-2020, the Turkish Central Bank said on Aug. 19. 

class='cf'>

The country's external assets climbed 7.4% to $274.4 billion while its liabilities against non-residents slipped 12.4% to $555 billion in the same period.

Current account deficit continues to narrow for 4th straight month

Turkey's current account balance posted a deficit of $1.127 billion in June, down $1.95 billion from the same month last year, the Turkish Central Bank announced on Aug. 13.

class='cf'>

With June figures, the current account deficit continued to narrow for the fourth month in a row.

Pages