Turkish lira depreciates as reserves fall sharply

central-bank-of-the-republic-of-turkey-2
CBRT

The Turkish lira suffered another sharp depreciation today (March 28), as official data showed Turkey’s foreign currency reserves are falling.

The Central Bank of the Republic of Turkey (CBRT) today released data showing foreign exchange reserves have declined by 8% between March 1 and March 22. According to February’s report, reserves stood at $77,623 billion at the end of February. According to today’s weekly update, they had dropped to $71,395 billion on March 22.

Following the release, the

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: