We got 20% poorer in 10 days

We got 20% poorer in 10 days
Date: 9.6.2023 11:00

After the election, while the foreign exchange suddenly goes up, the depreciation of TL saw the peak of recent years.

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While our money lost 20 percent in 10 working days, many products, especially fuel oil, were increased.
 
While the markets expect the increase in foreign exchange to continue in the coming days, the dollar has exceeded 23 TL and the euro has tripled in two years.
 

CENTRAL BANK RESERVES REDUCE 1.3 BILLION DOLLARS LAST WEEK

 
The Central Bank's IMF-defined net international reserves decreased by 1.3 billion dollars in the week of June 2.
 
Thus, net international reserves decreased to minus 5 billion 697 million dollars.
 
Net international reserves have remained negative since the week of May 18.
 

MINUS 61.2 BILLION DOLLARS EXCLUDING SWAP

 
Net reserves were at the level of minus 4 billion 405 million dollars in the week of April 26.
 
As of June 2, net reserves decreased to minus 5.7 billion dollars, the lowest level since 2002.
 
The Central Bank's net reserves excluding swaps increased from minus 60.5 billion dollars on 26 May to minus 61.2 billion dollars.

YEREL HABERLER

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