CBRT reserve update

TURKEY - In Brief 25 Mar 2025 by Murat Ucer
There is a lot of interest in CBRT reserve numbers these days for obvious reasons, so we thought it might be useful to send our latest estimates. In the three days from March 19 through 21, we estimate that the cumulative decline in net and gross reserves amounted to $26.6 billion and $19.2 billion, respectively (see chart below, noting that the drop in reserves at t shows up at t+1).  The latest weekly data we have (March 14) had indicated net and gross reserves at $58.1 billion and $171.1 billion, respectively, which we now estimate to have declined to $32.6 billion and $153.7 billion, taking into account the daily estimates for the 6 business days from March 17 through March 24. For an explainer on how we come up with our estimates, see our post from earlier this month, at link here. Comments and questions are very welcome...

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