Macro and Politics
Tacirler Investment
* During the week of 22 – 29 August, foreign investors were net sellers of USD140mn in the equity market, while recording net purchases of USD763.3mn in the bond market (excluding repo transactions). Consequently, the foreigners’ share in total bond stock increased from 6.5% to 6.7%. In the same period, residents’ FX deposits slumped drastically by USD4.2bn (excluding gold accounts and adjusted for the EUR/USD parity effect), while their total FX deposits (including gold, price adjusted) slid by USD4bn during the week of 22 – 29 August. The CBT’s gross FX reserves increased by USD2bn to USD178.5bn and net international reserves rose by USD1.9bn to USD73.6bn, while net reserves excluding swaps climbed by USD2.1bn to USD56.7bn.