Decline in foreign currency deposits according to Central Bank data

Serdar HocamAuthor & Editor

In the last week of August, foreign currency deposits decreased by billions of dollars, adjusted for parity effects.

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According to calculations based on data from the Central Bank of the Republic of Turkey, foreign currency deposits experienced a significant decline in the week ending August 28, on a parity-adjusted basis.

Weekly Data Announced

According to the data released by the Central Bank of the Republic of Turkey, a noticeable decrease was observed in foreign currency deposits during the week of August 28.

Amount and Course of the Decline

According to parity-adjusted data, foreign currency deposits decreased by a total of 2 billion 715 million dollars in the week in question.

In the previous week, records showed an increase of 1 billion 136 million dollars in foreign currency deposits.

Distribution by Individual and Corporate Entities

According to the detailed data released, foreign currency deposits of individuals decreased by 638 million dollars in the week examined.

A sharper decline was recorded in the foreign currency deposits of corporate entities, reaching 2 billion 77 million dollars.