Domestic foreign currency accounts set a record to exceed $ 234 billion by Investing.com


© Reuters.

Investing.com – On the last trading day of the year, the CBRT announced the statistics for the December 25 trading week.

In the last week, residents’ foreign exchange deposit accounts refreshed a record with 234.85 billion dollars. Accounts, which were 194 billion dollars at the beginning of 2020, increased regularly throughout the year. Accounts that first exceeded $ 200 billion in March, exceeded this level in July, breaking a record. The record rise that started as of July increased by another 703 million in the last trading week of the year and set a record with $ 234.85 billion. Deposits of real persons within accounts were 148.332 billion dollars, and deposits of legal persons were 86.472 billion dollars.

TL deposits declined from 1.511 billion lira to 1.498 billion lira in the last week. As of the last week of the year, the ratio of foreign currency deposit accounts remained higher than TL deposits with 54.4%.

Despite the increase in deposit rates, the situation in TL and foreign currency accounts shows that the demand for foreign currency continues.

Author: Necdet Erginsoy

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