Residents’ FX Deposits Drop by $1.49B in One Week
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Foreign currency deposits held by domestic residents in Türkiye saw a sharp decline during the week ending June 20, falling by $1.49 billion, according to data released by the Central Bank of the Republic of Türkiye (CBRT).
The total FX deposits of domestic residents decreased from $195.14 billion to $193.65 billion, reflecting both individual and corporate withdrawals from foreign currency holdings amid shifting economic expectations and tighter monetary policy signals.
Individual and Corporate Accounts Both in Decline
The breakdown shows that:
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Real persons’ (individuals’) FX deposits dropped by $817.64 million, totaling $118.76 billion
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Legal entities’ (corporate) FX deposits fell by $668.54 million, down to $74.90 billion
Even after adjusting for the parity effect (currency value changes), the total foreign exchange-adjusted FX deposits declined by $477.03 million.
Notably:
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Real persons’ parity-adjusted FX deposits increased by $50.32 million
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Legal persons’ parity-adjusted FX holdings dropped by $527.35 million
This suggests that the overall decline was largely driven by corporate sector FX outflows, while individual investors showed a slight increase in real FX positioning once exchange rate effects were stripped out.
