TCMB reserves drop below $150 billion for first time in 13 months

Turkey's Central Bank (TCMB) has seen its total reserves fall below the $150 billion mark for the first time in 13 months, according to its latest weekly monetary and banking statistics. The figures for the week ending June 26 reveal a notable decrease in the bank's foreign exchange holdings.

Specifically, the TCMB's gross foreign exchange reserves dropped by $5.26 billion to $54.25 billion during the week. This follows a higher figure of $59.51 billion in the preceding week. The bank's total reserves also experienced a decline, decreasing by $7.99 billion from $157.19 billion to $149.20 billion in the week ending June 26.

This marks a significant shift after a period of growth. Gross FX reserves had previously risen after reaching a low of $145 billion in the week of May 16, 2025, peaking at $218 billion in the week of January 30, 2026. The recent downturn indicates a reversal of this trend.

In addition to foreign currency reserves, the TCMB's gold reserves also decreased during the same period. Gold reserves fell by $2.73 billion, from $97.68 billion to $94.95 billion in the week ending June 26.