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Turkish forex and gold holdings dropped $5.04 billion in the week
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%.
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