International Reserves/Foreign Currency Liquidity

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The “International Reserves and Foreign Currency Liquidity” table is prepared within the framework of the Special Data Dissemination Standards – SDDS – set by the International Monetary Fund (IMF). The table is produced from the data given by the CBRT and the Undersecretariat of Treasury in line with the scope, definition, and classifications specified in the IMF Operational Guidelines.

The monthly table disseminated by the CBRT covers detailed information on official foreign currency assets and predetermined short-term net drains on foreign currency assets (including residual maturity) and contingent short-term net drains on foreign currency assets.

Data are available as time series in EVDS. Click here for access.

International Reserves/Foreign Currency Liquidity Developments - March 2019

  • Official Reserve Assets recorded USD 96.3 billion indicating 3.8 percent decrease compared to the previous month. As regards to sub-items, foreign currency reserves decreased by 4.8 percent to USD 74 billion, while gold reserves decreased by 0.7 percent to USD 20.8 billion.

  • Short term predetermined net drains of the Central Government and the CBRT (foreign currency loans, securities, foreign exchange deposit accounts of foreign banks and residents abroad within the CBRT, assets arise from financial derivatives activities with resident banks and non-resident banks) increased by 70 percent on net basis compared to the previous month, realizing as USD 25.2 billion. Of this amount, USD 12.1 billion belongs to foreign currency loans, securities, foreign exchange deposit accounts of foreign banks and residents abroad within the CBRT, specifically USD 7.4 billion in principal repayments and USD 4.7 billion in interest repayments. Additionally, liabilities arising from the CBRT’s financial derivatives activities with resident banks and non-resident banks and CBRT’s foreign exchange deposits against Turkish Lira deposits auctions recorded USD 13.1 billion, of which USD 9.6 billion is due in one month, USD 3.5 billion in 4-12 months.

  • Contingent short-term net drains on foreign currency consists of “collateral guarantees on debt due within one year” and “other contingent liabilities (“Banking Sector’s Required Reserves in Blocked Accounts in Foreign Currency and Gold” and “Letters of Credit” items in the CBRT’s balance sheet). These liabilities decreased by 2.0 percent to USD 31.2 billion compared to the previous month.

 

Data - March 2019

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