Turkish cenbank's net FX reserves rose to $20 bln

ISTANBUL, March 23 (Reuters) - The Turkish central bank's net international reserves rose some $1.4 billion to $19.99 billion in the week to March 17, data from the bank showed on Thursday. The exchange rate used by Reuters on Thursday was 18.9756. Last July, Turkey's net forex reserves dropped to $6.07 billion, their lowest in at least 20 years, but subsequently rebounded. However, gross reserves have fallen some $9 billion since a massive earthquake hit the country's southern region early in February, killing more than 50,000 people in Turkey and leaving millions homeless. As part of an agreement, a deposit of $5 billion from the Saudi Fund for Development (SFD) entered the accounts of the Turkish Central Bank last week as Ankara and Riyadh work to mend ties. Forex reserves had dropped sharply in recent years due to market interventions and in the wake of a currency crisis in December 2021. The lira lost some 30% of its value against the dollar last year and 44% in 2021. The net forex reserves are still in negative territory once outstanding swaps, which stood at $34.87 billion on Wednesday, are deducted. Date Net international Net international reserves(mln lira) reserves (mln USD) 379,267 19,987 17-03-2023

353,057 18,618 10-03-2023

390,262 20,685 03-03-2023

380,790 20,196 24-02-2023

402,962 21,398 17-02-2023

459,698 24,438 10-02-2023

509,094 27,090 03-02-2023

484,844 25,810 27-01-2023

501,579 26,716 20-01-2023

466,890 24,886 13-01-2023

455,489 24,307 06-01-2023

514,984 27,544 30-12-2022

497,410 26,668 23-12-2022

523,937 28,130 16-12-2022

498,206 26,756 09-12-2022

430,273 23,118 02-12-2022

362,915 19,507 25-11-2022

348,590 18,746 18-11-2022

338,707 18,230 11-11-2022

270,255 14,532 04-11-2022

249,925 13,446 28-10-2022

214,663 11,560 21-10-2022

261,478 14,084 14-10-2022

230,886 12,441 07-10-2022

179,900 9,722 30-09-2022

177,303 9,667 23-09-2022

220,557 12,090 16-09-2022

256,621 14,085 09-09-2022

256,040 14,083 02-09-2022

228,983 12,618 26-08-2022

249,442 13,882 19-08-2022

281,262 15,682 12-08-2022

211,824 11,811 05-08-2022

163,261 9,118 29-07-2022

118,105 6,700 22-07-2022

110,970 6,356 15-07-2022

104,818 6,073 08-07-2022

125,185 7,514 01-07-2022

130,637 7,531 24-06-2022

127,601 7,381 17-06-2022

140,203 8,152 10-06-2022

172,885 10,517 03-06-2022

199,511 12,189 27-05-2022

152,223 9,561 20-05-2022

176,994 11,529 13-05-2022

222,391 14,995 06-05-2022

251,397 17,010 29-04-2022

251,640 17,165 22-04-2022

279,135 19,128 15-04-2022

269,590 18,303 08-04-2022
01-04-2022 240,065 16,401
25-03-2022 236,508 15,955
18-03-2022 252,309 17,199

233,847 15,861 11-03-2022

256,101 18,148 04-03-2022

258,873 18,119 25-02-2022

269,383 19,802 18-02-2022

214,035 15,817 11-02-2022

221,360 16,331 04-02-2022

143,166 10,532 28-01-2022

124,610 9,269 21-01-2022

102,192 7,547 14-01-2022

108,359 7,947 07-01-2022

108,219 8,339 31-12-2021

118,321 15,530 25-12-2020

243,910 41,130 27-12-2019

159,352 30,130 28-12-2018
Note: The figures are released every week on the central bank balance sheet as per a letter of intent with the International Monetary Fund dated 18 January 2002. The figures are released in Turkish liras and are converted by Reuters to U.S. dollars using the central bank's official exchange rate from the previous work day. (Reporting by Ezgi Erkoyun Editing by Ali Kucukgocmen)

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Reuters

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off-the-wire

Turkish cenbank&apos;s net FX reserves rose to $20 bln

By Reuters

Reuters

Reuters

Turkish cenbank's net FX reserves rose to $20 bln