Macro and Politics
Tacirler Investment
*Based on our calculations using the CBT’s analytical balance sheet, we estimate that during the week of May 16–23, net international reserves increased by USD8.1bn to USD48.1bn, while gross FX reserves rose by USD7.4bn to USD153.2bn. Accordingly, we forecast that the cumulative increase over the past three weeks reached USD15.3bn in net international reserves and USD14.5bn in gross FX reserves. We anticipate that the official reserve data, to be released on Thursday, will likely reflect a similar trend in line with our estimates.