Domestic FX Deposits in Türkiye Surge by $5.4 Billion in a Single Week
Dollar
Foreign exchange holdings of residents in Türkiye rose sharply in early September, marking one of the largest weekly increases in recent months.
According to data released by the Central Bank of the Republic of Türkiye (TCMB), domestic residents’ FX deposits climbed from $193.3 billion to $198.08 billion in the week ending September 5, a rise of $5.44 billion.
Breakdown by Households and Corporates
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Households (real persons): Deposits increased by $3.25 billion, reaching $122.61 billion.
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Corporates (legal entities): Deposits rose by $2.19 billion, reaching $76.17 billion.
When adjusted for parity effects, the total increase amounted to $2.83 billion. Of this:
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Real persons added $940 million,
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Corporates contributed $1.89 billion.
Why It Matters
The surge underscores the ongoing preference for foreign currency deposits among Turkish savers and businesses, despite the government’s de-dollarization efforts and recent policy rate cuts by the TCMB.
Market watchers note that FX inflows and portfolio behavior will remain critical for exchange rate stability and the success of Türkiye’s medium-term economic program.