International Reserves/Foreign Currency Liquidity Developments – February 2020
- Official Reserve Assets recorded USD 107.7 billion indicating 5.1 percent increase compared to the previous month. As regards to sub-items, foreign currency reserves increased by 3.2 percent to USD 75.8 billion, while gold reserves increased by 10.5 percent to USD 30.4 billion.
- Short term predetermined net drains of the Central Government and the CBRT (foreign currency loans, securities, FX deposit liabilities) increased by 6.4 percent to USD 18.1 billion on net basis, of which USD 13.2 billion in principal repayments and USD 4.9 billion in interest repayments. Additionally, outstanding FX and gold liabilities arising from the CBRT’s financial derivative activities with resident and non-resident banks indicated USD 26.9 billion, of which USD 19.9 billion is due in one month.
- 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 increased by 2.3 percent to USD 36.7 billion compared to the previous month.
Source: Central Bank of Republic of Turkey / link: https://www.tcmb.gov.tr/wps/wcm/connect/en/tcmb+en/main+menu/statistics/balance+of+payments+and+related+statistics/international+reserves-foreign+currency+liquidity
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