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 decreased by 3254.68 Million Dollars compared to last week, and expanded by 14064.62 Million Dollars compared to the new year. Net reserves excluding swap rise by 151.32 Million Dollars compared to previous week, and raised by 9678.62 Million Dollars compared to the new year.

Net gold reserves rise by 3435.25 Million Dollars since last week and loss 1173 Million Dollars since the new year and reached to 31570.79 Million Dollars.

Net foreign exchange reserves decreased by 6689.94 Million Dollars compared to previous week and rise by 15237.62 Million Dollars and reached to -3117.62 Million Dollars.

Since last week, net gold reserves excluding swap raised by 1355.25 Million Dollars and reached to 24220.79 Million Dollars. In addition, net foreign exchange reserves excluding swap declined by 1203.94 Million Dollars and reached to -59414.62 Million Dollars.

Total liabilities (including balance sheet and off-balance sheet) increased by 2095.68 Million Dollars since the last week. Also, it rise by 23416.38 Million Dollars and reached to 162.89 Billion Dollars, compared to the new year.

While the ratio of SWAP to Gross Reserves is 49.84% , the ratio of SWAP to domestic banks’ foreign exchange deposits is 16.2% .

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 Statements by 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 daily exchange rates data from CBRT.

On-Balance Sheet Foreign Exchange Liabilities of the CBRT were obtained by Central Bank Weekly Statements dataset and obtained in dollar terms by dividing values to the daily exchange rate. Public Sector Foreign Exchange Liabilities are not included in this study. Because of exclusion of this item, 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, International Reserves and Foreign Currency Liquidity and daily Options. 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 are separated 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.

Problems may arise in 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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