Investing.com – After the dismissal of the CBRT President, exchange rates in the Turkish lira in the second half of March hit the highest level after the record seen in November. High levels of exchange rate created a decrease of 8.9 billion dollars in foreign currency deposits of residents. With a decrease of 7.2 billion dollars in deposits, the share of real persons was quite high.
According to the data announced by the CBRT today;
Residents’ foreign exchange deposit accounts decreased by $ 2.4 billion in the week ending April 2, from $ 223.669 billion to $ 221.201 billion. While the decrease in deposits of real persons, ie households, was $ 1 billion, there was a $ 1.4 billion decrease in legal entities in the last week. When we look at the last number of foreign currency deposits, the accounts fell to the lowest level after October 30 with the decrease experienced as of April 2. The effect of the high exchange rate in the decline in foreign exchange deposits in the last two weeks continues.
This week, which increased to 8.47 in March, is trading at the highest levels after November in the range of 8.15-8.25.
Author: Necdet Erginsoy
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