How much have foreign currency deposits changed in the last week? By Investing.com


© Reuters.

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

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Check Also

Sterling is down, Wall Street is recovering, Bitcoin, crude oil – What’s going on in the market? By Investing.com

© Reuters. Author: Peter Nurse Investing.com – U.S. stock markets rose in a rough week …

Leave a Reply

Your email address will not be published. Required fields are marked *