CBRT Total Reserves Fall Below $150 Billion for First Time in 13 Months

The total reserves of the Central Bank of the Republic of Turkey (CBRT) recorded a significant decline in the week of June 26. With the loss over the past week, reserves fell below the $150 billion threshold for the first time since the week of May 16, 2025. This development marks the first time in approximately 13 months that reserves have dropped below this level. According to central bank data, the decline in total reserves was driven by a decrease in foreign currency and gold assets. Experts note that the drop in reserves could lead to volatility in foreign exchange markets, with increased fluctuations expected particularly in USDTRY and EURTRY pairs. As this sharp decline in reserves is closely monitored by markets, the CBRT's potential intervention steps have become a topic of curiosity. Analysts state that reserves falling below $150 billion could create pressure on exchange rates. This is not investment advice.

📊 USDTRY — Piyasa Yorumu

▲ up · 65%

The decline in CBRT reserves below $150 billion has heightened concerns over foreign exchange liquidity, potentially creating upward pressure on USD/TRY. Technically, while the RSI at 64 approaches overbought territory, the MACD remains above its signal line and in positive territory. The price is trading above both the 20-day and 50-day moving averages, supporting a short-term uptrend. However, the impact of the reserve data may be limited, and the market will remain sensitive to any intervention-related news.

RSI 14

64.1

MACD

0.01

24h Δ

0.21%

📊 EURTRY — Piyasa Yorumu

▼ down · 60%

The decline in Turkey's central bank (TCMB) reserves below $150 billion signals a tightening in foreign exchange liquidity, which could put pressure on the Turkish lira (TRY). While the EUR/TRY pair has potential for upward movement in the short term, the RSI at 60 indicates it is approaching overbought territory. Although the MACD line remains above the signal line, momentum may be weakening. The SMA20 and SMA50 are trading close to each other, suggesting the trend lacks a clear direction; however, the negative impact of the reserve data could trigger a downside breakout. Therefore, a bearish bias prevails in the short term.

RSI 14

59.6

MACD

0.05

24h Δ

0.68%

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