Four bankers calculate: Decline in Central Bank's net reserves

The Central Bank (TCMB) net reserves decreased by nearly 6 billion dollars last week.

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Four bankers calculate: Decline in Central Bank's net reserves

Four bankers calculated that the TCMB net reserves, which were announced as 28.5 billion dollars the previous week, saw a decline in the 5.8-6 billion dollar range for the week of February 23.

Accordingly, net reserves will have fallen to approximately 22.5 billion dollars.

According to the calculations of four bankers consulted by Reuters, net reserves, which had reached their highest level since January 2020, will have declined by approximately 17.5 billion dollars over the past two months. According to the bankers' calculations, total TCMB reserves decreased by approximately 2.4 billion dollars last week, falling to 132 billion dollars.