Huge loss at the Central Bank! Billions of liras spent on KKM payments...

The Central Bank of the Republic of Turkey (TCMB) has published its balance sheet for the 92nd Fiscal Year, which ended on December 31, 2023. According to the report, the Central Bank recorded a loss of 818.2 billion TL in 2023.

Don't leave your news choices to an algorithm - decide for yourself what you read. Add 12punto to your preferred sources! Don't leave your news to an algorithmYou decide which source to read; add 12punto to your preferred sources.

Huge loss at the Central Bank! Billions of liras spent on KKM payments...

The Central Bank of the Republic of Turkey (TCMB) has announced its 2023 balance sheet.

Accordingly, it was reported that the realized loss amounted to 818.2 billion TL.

The total of unrealized "other" items was also fixed at 817.8 billion TL. These two items stemmed from carried open foreign exchange positions and exchange rate protection (KKM) payments.

The Central Bank's annual profit/loss for the last 10 years (in billion liras) is as follows:

2013 +5.0 billion TL

2014 +8.6 billion TL

2015 +13.8 billion TL

2016 +9.5 billion TL

2017 +18.3 billion TL

2018 +56.2 billion TL

2019 +44.7 billion TL

2020 +34.5 billion TL

2021 +57.5 billion TL

2022 +72.0 billion TL

2023 -818.2 billion TL