Central Bank of the Republic of Türkiye foreign reserves decline by $6.9 billion

The Central Bank of the Republic of Türkiye (TCMB) saw its gross foreign reserves drop by approximately $6.9 billion during the week ending October 23, 2026. This decline represents a 4.1 percent decrease from the previous week, when reserves stood at $169.1 billion, bringing the total to roughly $162.2 billion to $162.3 billion.

The reduction affected both foreign exchange and gold assets. Foreign exchange assets fell to $59.1 billion, while gold reserves decreased by 3.6 percent to $103.1 billion. Despite the drop in gross reserves, the bank's net international reserves were reported at $42.84 billion for the same period.

This marks the second consecutive weekly decline. Since the end of 2025, when reserves were at $193.9 billion, the total has decreased by an estimated $31.6 billion, or approximately 16.3 percent. The reserves reached a yearly high of $218.2 billion on January 30, 2026, before experiencing significant volatility throughout the year.