- Official Reserve Assetsrecorded USD 105.7 billion indicating 1.7 percent decrease compared to the previous month. In this period, sub-items foreign currency reserves decreased by 2.6 percent to USD 87.1 billion compared to the previous month, while gold reserves increased by 2.7 percent to USD 17.1 billion.
- Short term predetermined net drainsof the Central Government and the CBRT (Foreign Currency Loans, Securities and Foreign Exchange Deposit Accounts of Residents Abroad within the CBRT) realized as USD 12.0 billion increasing by 15.6 percent compared to the previous month. Of this amount, USD 8.0 billion belongs to principal repayments and USD 4.0 billion to interest repayments. Regarding the maturity breakdown of the principal and interest payments, USD 1.3 billion is due in one month, USD 1.0 billion in 2-3 months, USD 9.7 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 increased by 3.3 percent to USD 58.7 billion compared to the previous month.
Source: Central Bank of the Turkish Republic – March 2017
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