Gross foreign exchange reserves held by Turkey's central bank dropped to USD 40.37 billion as of November 13th, 2020, from USD 41.91 billion a week earlier, the CBRT's weekly money and banking report showed. It was the lowest level since July 2005, as the central bank and state banks have been stepping up efforts to support a falling lira. source: Central Bank of the Republic of Turkey

Foreign Exchange Reserves in Turkey averaged 46271.14 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 November of 2020.

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
40374.00 41914.00 115144.00 1389.90 1987 - 2020 USD Million Weekly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2020-11-05 11:30 AM 23/Oct $45.09B $42.82B
2020-11-05 11:30 AM 30/Oct $42.26B $45.09B
2020-11-12 11:30 AM 06/Nov $41.91B $42.26B
2020-11-19 11:30 AM 13/Nov $40.37B $41.91B
2020-11-26 11:30 AM 20/Nov $40.37B
2020-12-03 11:30 AM 27/Nov
2020-12-10 11:30 AM 04/Dec
2020-12-17 11:30 AM 11/Dec

Turkey Money Last Previous Highest Lowest Unit
Interest Rate 15.00 10.25 500.00 4.50 percent [+]
Interbank Rate 15.89 15.89 28.52 4.74 percent [+]
Money Supply M1 1246039358.80 1230903566.40 1246039358.80 55562063.00 TRY Thousand [+]
Money Supply M2 3334337189.50 3274777899.60 3334337189.50 236620702.00 TRY Thousand [+]
Money Supply M3 3440865074.70 3378587262.60 3440865074.70 260092810.00 TRY Thousand [+]
Foreign Exchange Reserves 40374.00 41914.00 115144.00 1389.90 USD Million [+]
Banks Balance Sheet 5613388052.00 5342310743.00 5613388052.00 15859.80 TRY Thousand [+]
Loans to Private Sector 1734171932.00 1702718610.00 1734171932.00 3402.30 TRY Thousand [+]
Deposit Interest Rate 13.50 8.75 398.10 1.50 percent [+]
Private Debt to GDP 163.70 170.00 170.50 131.20 percent [+]
Lending Rate 11.75 11.75 2300.00 6.50 percent [+]
Cash Reserve Ratio 17.00 15.00 17.00 9.00 percent [+]
Central Bank Balance Sheet 1203997628.00 1129085410.00 1203997628.00 9071.00 TRY Thousand [+]
Foreign Stock Investment 23401.00 19631.00 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.