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Central Bank of the Republic of Türkiye puts gross international reserves at USD 169.1 billion

The Central Bank of the Republic of Türkiye published the record of its Monetary Policy Committee meeting, setting out the data behind the rate cut to 36 percent.
The gross international reserves of the CBRT stood at USD 169.1 billion, down by USD 9.6 billion over the preceding weeks.
The five-year credit default swap (CDS) premium of Türkiye stood at 251 basis points.
The current account balance recorded a monthly surplus of USD 4.1 billion, while the 12-month cumulative current account deficit widened to USD 42.1 billion.
Travel revenues reached USD 60.1 billion in 12-month cumulative terms and the services balance surplus stood at USD 63.9 billion.
Seasonally adjusted employment stood at 32.5 million people.
The global growth index weighted by the export shares of Türkiye trade partners is projected to rise by 1.6% this year and 2.5% next year.
The Committee said the latest data indicate that domestic demand remains weak.

Gross international reserves: USD 169.1 billion 12-month current account deficit: USD 42.1 billion Travel revenues: USD 60.1 billion Five-year CDS premium: 251 basis points
Why it matters for exams: The durable facts are that the Central Bank of the Republic of Türkiye publishes the record of each Monetary Policy Committee meeting, that gross international reserves stood at USD 169.1 billion, and that the 12-month cumulative current account deficit was USD 42.1 billion with travel revenues of USD 60.1 billion.
Kerala PSCUPSC

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