Excluding swaps, net reserves have experienced the sharpest decline since the pandemic began.

Last week, the Central Bank of the Republic of Turkey (CBRT) recorded a sharp decline in net reserves, excluding swaps, reaching $13.2 billion. This marks the most significant drop since the pandemic year.

The decrease in reserves reflects ongoing economic challenges and highlights the need for strategic financial measures. The CBRT's actions in managing reserves are crucial for stabilizing the country's economy and ensuring investor confidence. For more information, visit the full article on Bloomberg HT: here.