[ad_1]
Selling pressure on the Turkish lira, which came with a drop in risk appetite in global markets, was felt in early transactions.
Starting the day at the 7.35 level in shallow trades in Asian markets, the dry surpassed the critical 7.40 level. Kurda was tested above the 7.44 level on Thursday.
Turkey’s risk premium of 297 basis points, while the level of the benchmark rate at the level of 14.92 percent.
Along with the Turkish lira, selling pressure in other emerging currencies also continued. In the first transactions of the day, the South Korean won was the currency that lost the most value against the dollar. The won was followed by the Indonesian rupiah and the Indian rupee.
As the momentum in bond yields dampened the perception of risky assets in global markets this week, selling deepened on Thursday, especially led by tech stocks.
Foreign Currency Deposits From Real People Increase
Turkey in demand for foreign currency in terms of the last period of dollarization contained in the agenda of the first row of the Central Bank of Turkey (CBT) Adjusted parity announced deposits in foreign currency, data pointed to an increase in real people last week , deposits in foreign currency.
While there was a decrease of $ 685 million in foreign currency deposits of real people in stock market data, it was observed that foreign currency deposits in this category increased by $ 142 million in the week of February 19 when adjusting for parity .
Together with legal entities, the data for the total stock of deposits in foreign currency showed a decrease of 893 million dollars for the week of February 19, while this decrease was 27 million dollars when the parity is settled.
Increase in gross CBRT reserves
The total foreign exchange reserves of the Central Bank of Turkey in the week of February 19 fell to $ 94.1 billion. Gross reserves increased to $ 53.9 billion.
As of the same week, gold reserves decreased to $ 40.2 billion.
According to the calculation made according to the CBRT exchange rate for the week of February 19, net reserves decreased by 1.23 billion dollars to 12.14 billion dollars.
[ad_2]
