[REVISION HISTORY]

Central Bank of Türkiye balance of payments and reserves

Updated 8 times since CLSTR started tracking revisions of this situation.

What changed

2026-08-31 19:53 UTC → 2026-09-10 14:57 UTC · added ~~removed~~

The Central Bank of the Republic of Türkiye (TCMB) has addressed discrepancies in its balance of payments reporting by revising its Financial Account. To clarify these changes, the bank released an educational video titled “What is the Deficit in Net Errors and Omissions?” as part of its “Economy for Everyone” initiative. The bank explained that “net errors and omissions” represent data discrepancies between sources—such as timing differences in export payments or varying measurement methods—rather than lost funds. Significant revisions were implemented to reduce negative net errors and omissions. For the period between 2023 and 2026, the figure was reduced from $57.8 billion to $23.5 billion, while long-term cumulative figures from 2014 to May 2026 were adjusted from negative $34.3 billion to negative $14.5 billion. These corrections integrated SWIFT data for overseas deposits and included results from financial derivative transactions like swaps and forwards. The TCMB noted these revisions “do not alter the current account balance but rather improve the accuracy and consistency of balance of payments statistics.” Reserve ~~levels have continued an upward trend. Following a rise to $188.45 billion as of August 21, 2026—driven largely by a $5.89 billion increase in gold assets—total reserves~~ levels, which had reached a 5.5-month high of $189.3 billion for the week ending August 28, ~~2026. While this marks a recovery from~~ 2026, recently experienced a ~~low of $149.2 billion in June, it remains $28.9 billion below the January 2026 peak of $218.2 billion. Data from~~ downturn. For the ~~Institute~~ week of International Finance (IIF) suggests that increased global risk appetite and capital inflows into emerging economies have supported these accumulation processes. Economist Mahfi Eğilmez suggested the accumulation might be linked September 4, 2026, total reserves fell by $3.951 billion to ~~a cycle of~~ $184.247 billion. This decline was driven by a ~~suppressed~~ $703 million decrease in gross foreign exchange ~~rate~~ reserves to $70.406 billion and ~~high TL interest rates.~~ a significant $3.248 billion drop in gold reserves, which fell to $113.841 billion.

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