ANKARA, March 2 (Reuters) - Turkish firms' and citizens'
foreign exchange and gold holdings dropped $4.16 billion in the
week to Feb. 24 when adjusted for the parity effect to stand at
$185.84 billion overall, data from the central bank showed on
Thursday.
Turkish local corporates sold $2.27 billion last week,
parity adjusted central bank data showed, while individuals sold
$1.89 billion in the same period.
Turkish locals' forex and gold holdings hit a record high of
$238.97 billion in December 2021 as Turks converted savings
during a currency crisis that saw the lira lose 44% against the
dollar in 2021 before going on to lose some 30% in 2022.
(Reporting by Ezgi Erkoyun and Ali Kucukgocmen; Editing by Hugh
Lawson)
+905319306206; Reuters Messaging: Reuters Messaging:
ali.kucukgocmen.thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.