Macro and politics
Tacirler Investment
* Based on our calculations upon the CBRT’s analytical balance sheet, we estimate that during the week of December 13 – 20, the net international reserves dropped by USD3.7bn to USD61.7bn and the gross FX reserves slumped by USD7.2bn to USD156.4bn. The official data for the CBRT’s international reserves will be announced on Thursday at 14:30 local time.