Gross foreign exchange reserves held by Turkey's central bank dropped to USD 46.67 billion as of July 30th, 2020, from USD 50.93 billion a week earlier, the CBRT's weekly money and banking report showed. That was the lowest level in FX reserves since November 2005, as the central bank and state banks have been stepping up efforts to support a falling lira. Meanwhile, the net international reserves declined to USD 26.48 billion.

Foreign Exchange Reserves in Turkey averaged 46297.25 USD Million from 1987 until 2020, reaching an all time high of 115144 USD Million in December of 2013 and a record low of 1389.90 USD Million in January of 1988. This page provides the latest reported value for - Turkey Foreign Exchange Reserves - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Gross Foreign Exchange Reserves - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Central Bank of the Republic of Turkey

Foreign Exchange Reserves in Turkey is expected to be 128027.20 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Foreign Exchange Reserves in Turkey to stand at 128031.11 in 12 months time. In the long-term, the Turkey Gross Foreign Exchange Reserves is projected to trend around 128031.24 USD Million in 2021, according to our econometric models.

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Turkey Gross Foreign Exchange Reserves

Actual Previous Highest Lowest Dates Unit Frequency
46673.00 50925.00 115144.00 1389.90 1987 - 2020 USD Million Weekly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2020-07-17 11:30 AM 10/Jul $49.61B $51.34B
2020-07-23 11:30 AM 17/Jul $49.23B $49.61B
2020-07-30 10:40 AM 24/Jul $50.93B $49.23B
2020-08-07 11:30 AM 31/Jul $46.67B $50.93B
2020-08-13 11:30 AM 07/Aug $46.67B
2020-08-20 11:30 AM 14/Aug
2020-08-27 11:30 AM 21/Aug
2020-09-03 11:30 AM 28/Aug

Turkey Money Last Previous Highest Lowest Unit
Interest Rate 8.25 8.25 500.00 4.50 percent [+]
Interbank Rate 10.27 10.27 28.52 4.74 percent [+]
Money Supply M1 1101541116.40 1048950629.30 1101541116.40 55562063.00 TRY Thousand [+]
Money Supply M2 3012610783.40 2917936926.30 3012610783.40 236620702.00 TRY Thousand [+]
Money Supply M3 3146290743.10 3058132447.50 3146290743.10 260092810.00 TRY Thousand [+]
Foreign Exchange Reserves 46673.00 50925.00 115144.00 1389.90 USD Million [+]
Banks Balance Sheet 5242815808.00 5187796641.00 5242815808.00 15859.80 TRY Thousand [+]
Loans to Private Sector 1608950634.00 1594107445.00 1608950634.00 3402.30 TRY Thousand [+]
Deposit Interest Rate 6.75 6.75 398.10 1.50 percent [+]
Private Debt to GDP 163.70 170.00 170.50 131.20 percent [+]
Lending Rate 9.75 9.75 2300.00 6.50 percent [+]
Cash Reserve Ratio 15.00 12.00 17.00 9.00 percent [+]
Central Bank Balance Sheet 1014308814.00 1041217842.00 1041217842.00 9071.00 TRY Thousand [+]
Foreign Stock Investment 23880.00 25387.00 82048.00 0.00 USD Million [+]

Turkey Gross Foreign Exchange Reserves
In Turkey, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.