CBRT Reserves Fall by $5.5 Billion to $178.7 Billion

The total reserves of the Central Bank of the Republic of Turkey (CBRT) declined by $5.5 billion in the week of September 11, dropping to $178.7 billion. This calculation was made by QNB economists. This decline in reserves stands out as a closely watched indicator in the markets. Economists estimate that the CBRT sold $1.3 billion in foreign exchange during the week in question. The decrease in the Central Bank's reserves is significant in terms of movements in foreign exchange markets and monetary policy practices. The reasons behind the decline in reserves include foreign exchange sales and other market dynamics. This development continues to be closely monitored by investors and economists. Reserve levels are considered a critical indicator for the country's external financing needs and exchange rate stability. Not investment advice.

📊 USDTRY — Piyasa Yorumu

▲ up · 35%

The 5.5 billion dollar decline in CBRT reserves could create mild depreciation pressure on the TL and support an upward trend in USDTRY. However, current technical indicators paint an indecisive picture: RSI at 51.8 in neutral territory, MACD slightly below the signal line, and price just above the SMA20 and SMA50. With the 24-hour change only 0.04%, the market appears not to have reacted strongly to the reserve news for now. In the short term, support at 48.60 and resistance at 48.70 should be monitored; the impact of the news may remain limited. Therefore, although the direction is upward, confidence should be kept low.

RSI 14

51.8

MACD

0.00

24h Δ

0.04%

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