Minister Şimşek: Turned positive for the first time since 2020

Minister of Treasury and Finance Mehmet Şimşek, in a post on his social media account "X", pointed to the increase in Central Bank reserves and stated, "In the last 2 months, net reserves excluding swaps have increased by 67 billion dollars, and gross reserves have reached 143.6 billion dollars."

Şimşek used the following expressions in his post:

Our resilience against external shocks is increasing further. Our reserves and macro-financial stability are strengthening. 

Our net reserves, excluding swaps, have turned positive for the first time since March 2020. In the last 2 months, net reserves excluding swaps have increased by 67 billion dollars. Gross reserves have reached 143.6 billion dollars.

To further increase our reserves, achieving a sustainable current account deficit through green transformation, energy efficiency, and new industrial policies, as well as policies aimed at increasing foreign direct investment and access to capital-like external resources, are of great importance. 

We will achieve this by implementing the program with determination.

News Source: 12punto