Foreign Inflow to TL Assets Continues

Foreign Inflow to TL Assets Continues According to the data announced by the CBRT, foreign inflow to TL assets continues. However, the locals' foreign exchange deposits are increasing. Central Bank of the Republic of Turkey (CBRT) has released its Weekly Securities Statistics. According to the data released, foreigners' interest in Turkish assets continues after the change in the direction of the economy. According to the aforementioned data, non-residents purchased bonds worth a net amount of 107 million dollars in the week of December 25. Foreigners had purchased $ 1.66 billion the previous week. In the stocks, 19 million dollars were sold. The previous week, 244 million dollar purchase was recorded. With the latest statistics announced, foreign investors' bond stock was recorded as 8.28 billion dollars, while the stocks were realized as 27.16 billion dollars.   Increase in Foreign Currency Deposits of Local People Continues According to the data of the CBRT, the locals' foreign exchange deposits increased for the fourth week in a row. Foreign currency deposits of locals increased by $ 703 million in the previous week, reaching $ 234.8 billion. While foreign exchange deposits increased by 731 million dollars in real persons, it decreased by 28 million dollars. Foreign currency deposits of the locals increased to 412 million dollars, excluding gold, in the same period. However, the total increase in foreign exchange deposits in the last 4 weeks reached the level of $ 6.83 billion.