June 18, 2022
International Reserves and Foreign Currency Liquidity Developments in Türkiye – May 2022
- Official Reserve Assets recorded USD 101.7 billion indicating 4.8 percent decrease compared to the previous month. As regards to sub-items, foreign currency reserves decreased by 9.8 percent to USD 52.2 billion and gold reserves increased by 1.0 percent to USD 41.9 billion.
- Short term predetermined net drains of the Central Government and the CBRT (foreign currency loans, securities, FX deposit liabilities) increased by 0.1 percent to USD 23.1 billion, of which USD 17.4 billion in principal repayments and USD 5.7 billion in interest payments. Additionally, outstanding FX and gold liabilities arising from the CBRT’s financial derivative activities with resident and non-resident banks recorded USD 64.5 billion, of which USD 29.5 billion is due in one month.
- Contingent short-term net drains on foreign currency consists of “collateral guarantees on debt due within one year” and “other contingent liabilities (“Required Reserves in Blocked Accounts in Foreign Currency and Gold” and “Letters of Credit” items in the CBRT’s balance sheet). These liabilities recorded USD 54.0 billion increasing by 2.1 percent compared to the previous month.
Source: Central Bank of the Republic of Türkiye
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