Robust overseas alternate demand from authorized entities continues

Sebnem TURHAN

Within the final week of October, the Central Financial institution knowledge, adjusted for the parity impact, amounted to $ 2.3 billion. foreign currency Within the first week of November, the overseas forex deposits of authorized entities with a lower of their deposits elevated by 1 billion 120 million {dollars}. Regardless of the macroprudential measures of the Central Financial institution and the Banking Regulation and Supervision Company aiming at a lower in overseas forex deposits, no important change is noticed in authorized entities. In accordance with the BRSA knowledge, the entire overseas forex deposits of authorized entities stood at 88.7 billion {dollars} as of the week of 4 November. As of December 31, 2021, this determine was $89.1 billion. With the parity impact, there was solely a $354.2 million decline. Nevertheless, the euro/greenback parity declined by 12.5% ​​this yr.

In accordance with the weekly cash and financial institution statistics of the Central Financial institution, as of November 4, complete overseas forex deposits of authorized and actual individuals elevated by 198 million {dollars}, adjusted for the parity impact. Whereas overseas forex deposits of actual individuals decreased by 922 million {dollars} adjusted for parity impact, overseas forex deposits of authorized entities elevated by 1 billion 120 million {dollars}. International forex deposits of authorized entities in greenback phrases are 939 million {dollars}, Euro The parity-adjusted greenback equal of denominated overseas forex deposits elevated by 149 million {dollars}. Regardless of the restrictions imposed by the BRSA and the Central Financial institution on the scale of overseas forex deposits in using business loans by authorized entities, it has emerged from the information that the demand for overseas forex continues.

8 billion {dollars} improve in public banks

In accordance with BRSA knowledge, as of November 4, overseas forex deposits of authorized entities in public banks elevated by 8 billion 67 million {dollars} in comparison with 31 December 2021 and rose to 44.7 billion {dollars}. International forex deposits of authorized individuals in overseas owned banks decreased by 3 billion 783 million {dollars} as of the week of November 4, and overseas forex deposits of authorized individuals in home personal banks decreased by 4 billion 638 million {dollars} in comparison with the top of final yr.

In accordance with Central Financial institution knowledge, complete overseas forex deposits in banks had been 244 billion 590 million final week. dollar 212 billion 268 million {dollars} of this quantity was collected within the accounts of residents.