Positive Period in CBRT Reserves: Important Steps for Economic Stability

It announced that its net reserves, excluding swaps, turned positive for the first time since March 2020. This development is considered an important step as a reflection of the Central Bank’s efforts to increase foreign exchange reserves and strengthen financial stability. This move could increase confidence in foreign exchange markets and support economic stability.

At the same time, a domestic debt payment of 151.2 billion TL and a domestic borrowing plan of 254 billion TL were announced in June. This borrowing strategy is seen as part of the state’s efforts to maintain economic balance while meeting its financial obligations. This plan is critical for economic growth targets and maintaining fiscal discipline.

On the economic growth side, it was reported that Turkey recorded 4.2 percent growth in the first quarter. This growth is based on strong performance, especially in the industrial and service sectors. In order for the economy to maintain this growth trend, steps to be taken in areas such as fighting inflation and improving the investment environment are of great importance.

While these developments give positive signals about the current situation and future performance of the Turkish economy, they also show that careful and disciplined policies must be maintained to maintain economic stability.