Reuters: The Central Bank's net foreign currency position decreased by $11.2 billion on Wednesday.

Foreks - The net foreign exchange position of the Central Bank of the Republic of Turkey (CBRT) decreased by $11.2 billion on Wednesday, the day Istanbul's Mayor Ekrem İmamoğlu was detained. According to CNBC-e, based on the analytical balance sheet data from CBRT and calculations by bankers, the decline in the net foreign exchange position for that Wednesday was $11 billion and 176 million.

Bankers noted that approximately $10 billion of this decrease was due to foreign currency sales made on Wednesday morning. Part of the drop is attributed to other routine transactions. Additionally, foreign exchange transactions conducted that afternoon and in the following days will reflect in upcoming balances. The dollar/TL rose to a new record of 42 after a period of stability, closing the day around 38 following the CBRT’s nearly $10 billion in currency sales.