Households received 1 billion 865 million foreign currency in the last week, deposits set a record By Investing.com


© Reuters.

Investing.com – CBRT announced last week’s bank and money statistics.

Increasing $ 703 million in the week of December 25 to $ 234.805 billion, making a record foreign currency deposit accounts of residents In the trading week of January 1, it rose by $ 856 million to $ 235.661 billion, breaking the record again.

Deposits of real persons in accounts increased by 1 billion 865 million dollars, while deposits of legal persons decreased by 1 billion dollars to 85.463 billion dollars.

Looking at the annual change, total deposit accounts increased from $ 193.643 billion in 2020 to $ 234.805 billion. The real account, that is, household deposits, which has the largest share in the accounts, rose from $ 120.286 billion to $ 150.197 billion in 2020.

The CBRT predicts that with the decline in interest attractiveness and inflation, dollarization will decrease, that is, reverse currency substitution will begin, and this will positively affect macroeconomic and financial stability.

The post-record declines in the exchange rate continue, declining to the lowest level after August 21, at 7.25 and declining to 8.90, but this decline in the exchange rate

During the trading week of December 25, foreign investors continued to buy into bonds while exiting the shares. In the last week, foreign investors bought 93.7 million dollars in stocks and 35.90 million dollars in GDS and ÖST.

Author: Necdet Erginsoy

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