CBRT Off-Balance operations and CBRT Reserves are widespread on the media coverage. Also, CBRT Swap Transactions data cannot be reached from EVDS and published in PDF form which makes it difficult to analyze related data. We find publishing CBRT Reserves is necessary so that economists and academics with interest could easily access that. Data used in project can be found in Gross Reserves, Central Bank Weekly Statements , and International Reserves and Foreign Currency Liquidity. We used R program to analyze and visualize the data. Detailed information is available in the Methodology section. This study is open-source and for those who are interested available on GitHub. The page will be updated as new data are published.

CBRT’s net reserves increased by 2462.42 Million Dollars compared to last week, and expanded by 6382.73 Million Dollars compared to the new year. Net reserves excluding swap rise by 2633.42 Million Dollars compared to previous week, and dropped by 597.27 Million Dollars compared to the new year.

Net gold reserves decline by 629.49 Million Dollars since last week and loss 3045.09 Million Dollars since the new year and reached to 29698.7 Million Dollars.

Net foreign exchange reserves increased by 3091.91 Million Dollars compared to previous week and rise by 9427.81 Million Dollars and reached to -8927.42 Million Dollars.

Since last week, net gold reserves excluding swap dropped by 320.49 Million Dollars and reached to 24082.7 Million Dollars. In addition, net foreign exchange reserves excluding swap expanded by 2953.91 Million Dollars and reached to -69552.42 Million Dollars.

Total liabilities (including balance sheet and off-balance sheet) increased by 202.58 Million Dollars since the last week. Also, it rise by 6458.27 Million Dollars and reached to 145.93 Billion Dollars, compared to the new year.

The ratio of SWAP to Gross Reserves is % 66.14 .

This study analyses the weekly Net Foreign Exchange Reserves and the Net Foreign Exchange Reserves Excluding Swaps of CBRT. Data on this page updates itself automatically.Data sources and the methodology is explained below in order to show the possible errors or differences that may occur because of methodology.

CBRT’s Gross Reserves,were obtained along with the sub-accounts of foreign exchange and gold assets in terms of million dollars.The Treasury Liabilities Due to SDR Allocation has been removed from the Gross Reserves. After that, Gross Foreign Exchange Reserves divided into Foreign Exchange Securities, and Cash and FX Deposits.The Treasury Liabilities Due to SDR Allocation is obtained from Central Bank Weekly Statementsby using the A10 item, and the foreign exchange securities are obtained by using the A31 item from the same dataset. Since Central Bank Weekly Statement published in terms of Turkish Lira, they are converted into dollar terms by using weekly exchange rates data from CBRT. Using weekly exchange rate data may produce an error due to the valuation effect.

On-Balance Sheet Foreign Exchange Liabilities of the CBRT were obtained by Central Bank Weekly Statements and daily Options dataset and obtaiined in dollar terms by dividing values to the weekly exchange rate. Public Sector Foreign Exchange Liabilities are not included in this study. Because of exclusion of this item and the valuation effect due to weekly foreign exchange, the Net Reserve position may differ from other calculations.

Off-Balance Sheet Foreign Exchange Liabilities of the CBRT are calculated by using CBRT Swap Transactions and the International Reserves and Foreign Currency Liquidity. Also, the CBRT Swap Transactions, which is published in PDF format,converted to xlsx and csv format by us. “Domestic Banks - Swap” values are calculated by using CBRT Swap Transactions. Total Swap values are calculated by summing up the “2.” and “3.” values which is taken from the second table in the International Reserves and Foreign Currency Liquidity. “Foreign Central Banks - Swap” is calculated by subtracting “Domestic Banks - Swap” from Total Swap.

Lastly, On-and-Off Balance Sheet liabilities aree seperated in terms of foreign exchange and gold and the Net Foreign Exchange Reserves and the Net Foreign Exchange Reserves Excluding Swaps was obtained by subtracting those assets from Gross Reserves. Calculations can be seen from the detailed table above.

Problem may arises in te calculations due to holidays. In such case, the most recent data are used. For example, the use of CBRT Swap Transactions data dated April 22 in calculations on April 23. In addition, CBRT Swap Transactions data dated January 4 were used in the calculations dated January 1.

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