Gross foreign exchange reserves held by Turkey's central bank increased to USD 45.281 billion as of September 11th, 2020, from USD 44.881 billion a week earlier, the CBRT's weekly money and banking report showed. Still, FX reserves remained close to their lowest level since November 2005, as the central bank and state banks have been stepping up efforts to support a falling lira.

Foreign Exchange Reserves in Turkey averaged 46292.19 USD Million from 1987 until 2020, reaching an all time high of 115144 USD Million in December of 2013 and a record low of 1389.90 USD Million in January of 1988. This page provides the latest reported value for - Turkey Foreign Exchange Reserves - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Gross Foreign Exchange Reserves - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Central Bank of the Republic of Turkey

Foreign Exchange Reserves in Turkey is expected to be 128027.20 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Foreign Exchange Reserves in Turkey to stand at 128031.11 in 12 months time. In the long-term, the Turkey Gross Foreign Exchange Reserves is projected to trend around 128031.24 USD Million in 2021, according to our econometric models.

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Turkey Gross Foreign Exchange Reserves

Actual Previous Highest Lowest Dates Unit Frequency
45281.00 44881.00 115144.00 1389.90 1987 - 2020 USD Million Weekly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-27 11:30 AM 21/Aug $45.43B $45.38B
2020-09-03 11:30 AM 28/Aug $41.59B $45.43B
2020-09-10 11:30 AM 04/Sep $44.88B $41.59B
2020-09-17 11:30 AM 11/Sep $45.281B $44.88B
2020-09-24 11:30 AM 18/Sep $45.281B
2020-10-01 11:30 AM 25/Sep
2020-10-08 11:30 AM 02/Oct
2020-10-15 11:30 AM 09/Oct

Turkey Money Last Previous Highest Lowest Unit
Interest Rate 8.25 8.25 500.00 4.50 percent [+]
Interbank Rate 12.54 12.54 28.52 4.74 percent [+]
Money Supply M1 1212125110.40 1195408839.40 1212125110.40 55562063.00 TRY Thousand [+]
Money Supply M2 3200919339.40 3143606835.20 3200919339.40 236620702.00 TRY Thousand [+]
Money Supply M3 3308755118.50 3265374895.60 3308755118.50 260092810.00 TRY Thousand [+]
Foreign Exchange Reserves 45281.00 44881.00 115144.00 1389.90 USD Million [+]
Banks Balance Sheet 5242815808.00 5187796641.00 5242815808.00 15859.80 TRY Thousand [+]
Loans to Private Sector 1653607565.00 1608950634.00 1653607565.00 3402.30 TRY Thousand [+]
Deposit Interest Rate 6.75 6.75 398.10 1.50 percent [+]
Private Debt to GDP 163.70 170.00 170.50 131.20 percent [+]
Lending Rate 9.75 9.75 2300.00 6.50 percent [+]
Cash Reserve Ratio 15.00 12.00 17.00 9.00 percent [+]
Central Bank Balance Sheet 1144361908.00 1112596746.00 1144361908.00 9071.00 TRY Thousand [+]
Foreign Stock Investment 20899.00 20774.00 82048.00 0.00 USD Million [+]


Turkey Gross Foreign Exchange Reserves
In Turkey, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.