Abstract：According to Reuters, Turks' forex holdings dropped to $194.44 billion. The central bank said on Thursday that Turkish residents' forex and gold holdings decreased $5.04 billion in the week ending Dec 23 after adjusting for the parity effect.
According to Reuters, Turks' forex holdings dropped to $194.44 billion. The central bank said on Thursday that Turkish residents' forex and gold holdings decreased $5.04 billion in the week ending Dec 23 after adjusting for the parity effect.
Last week, Turkish corporates sold $2.71 billion, while individuals sold $2.33 billion, according to central bank data adjusted for parity.
During last year's currency crisis, which saw the lira lose 44% against the dollar, Turks converted their savings into forex and gold at a record high of $238.97 billion. This year, the currency has fallen by about 30%.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
