Turkish Central Bank

The Turkish Central Bank signed an agreement with defense and technology firms Aselsan and Havelsan, and the Scientific and Technological Research Council of Turkey (TÜBİTAK) for the research, development and testing processes of potential digital Turkish lira.

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.

The Turkish Central Bank's total reserves stood at $105.8 billion as of July 31, the bank announced on Aug. 27.

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Official reserve assets jumped 8.3% compared to $97.7 billion as of end-June, according to the bank's international reserves and foreign currency liquidity report.

The Turkish manufacturing industry's capacity utilization rate (CUR) increased month-on-month in August, marking the third straight monthly rise, according to data released on Aug. 25.

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Local manufacturing industry units operated at 77.1 percent of their capacity this month, up 0.4 points from July, according to a Turkish Central Bank survey.

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

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

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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.

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.

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

The Turkish and South Korean central banks have signed a bilateral swap agreement allowing for the exchanging of local currencies of up to 2.3 trillion Korean won or 17.5 billion Turkish liras (around $2 billion), said an official announcement.

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Turkey's president on Aug. 7 received the visiting prime minister of Libya.

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Recep Tayyip Erdoğan and Libya's Abdul Hamid Dbeibeh had a one-on-one closed-door meeting at the Vahdettin Mansion in Istanbul that lasted for an hour-and-a-half.

The leaders later attended a meeting between by the countries' delegations.

Newly printed 200 Turkish lira and 10 Turkish lira banknotes will go into circulation on July 16, ahead of next week's Muslim holiday of Eid al-Adha, or the Feast of the Sacrifice, said an official announcement.