The reserves of the Central Bank of Turkey (CBT) in the week since May 12 decreased by $9 billion compared to the previous week, to $105.1 billion. Gross foreign exchange reserves decreased by $7.5 billion over the week, while gold reserves fell by $1.4 billion.
Net foreign exchange reserves fell from $6.8 billion to $2.3 billion in the week of May 12, falling to their lowest level since February 2002. In the week of May 12, net reserves, if you remove swaps, were minus $57.8 billion.
Also, the Central Bank of Turkey introduced restrictions on cash withdrawals from credit cards, as well as on the withdrawal of salary advances.
Source: Habertürk
Source: Kathimerini
Anna White is a journalist at 247 News Reel, where she writes on world news and current events. She is known for her insightful analysis and compelling storytelling. Anna’s articles have been widely read and shared, earning her a reputation as a talented and respected journalist. She delivers in-depth and accurate understanding of the world’s most pressing issues.