Capital outflows further reduce Turkey’s reserves in March

turkey544

International reserves in Turkey fell sharply in March on capital outflows, in spite of the economy’s narrower current account deficit, central bank data shows.

Official reserves at the Central Bank of the Republic of Turkey (CBRT) decreased by $5.7 billion in March, more than 6% of total reserves, according to the balance of payments statistics released today (May 13). The CBRT’s last money and banking statistics update says gross foreign exchange reserves stood at $72.6 billion on May 3, 2019

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: