Domestic Residents' Foreign Exchange Deposits Increased by $ 2 Billion

Domestic Residents' Foreign Exchange Deposits Increased by $ 2 Billion

Foreign currency deposits of domestic residents increased by $ 2 billion in the week of February 28, breaking a record.  Foreign currency deposits of domestic residents increased by $ 2 billion in the transaction week ending February 28, and reached $ 199,735 billion. According to the weekly information released by the Central Bank on Thursday, the foreign currency deposits of the residents increased by $ 367 million, excluding gold. The foreign currency deposit accounts of domestic residents, which broke the record by rising to $ 197,693 billion with an increase of $ 2 billion in the week of February 21, rose to $ 199,735 billion in the week of February 28. Deposits of natural persons in the accounts are $ 124,076 billion; The accounts of legal entities increased to $ 75,659 billion. The decrease in the Turkish Lira interest rates and the increase in the exchange rate causes the foreign exchange demand to reach historical levels in the country.