Türkiye’s Finance Minister Mehmet Simsek highlighted macro-financial stability and resilience after the central bank’s total reserves reached a record $174.4 billion in the week ending Aug. 8.
In a social media statement, Simsek said: “As positive momentum in financial markets strengthens, macro-financial stability is consolidating.”
He noted that the Currency-Protected Deposit stock has fallen continuously for two years by ₺3 trillion, the share of TL deposits rose to 59.6%, and the 10-year dollar-denominated bond yield fell below 7%.
Simsek added that Türkiye will continue to implement its programs resolutely to increase economic resilience and pursue disinflation targets.
Recent developments in Türkiye’s economy
Central bank total reserves hit $174.4 billion in the week of Aug. 8, driven by increases in both foreign currency and gold reserves. Net reserves (excluding swaps) reached $49.6 billion.
The Currency-Protected Deposit (KKM) system is shrinking rapidly. The KKM stock,which peaked at ₺3.4 trillion in 2023, fell to ₺478 billion as of August 2025, with full removal expected by year-end.
Other key indicators highlighted by Simsek:
- TL deposits rose to 59.6%.
- 10-year dollar-denominated bond yield fell below 7%.
- Inflation fell to 33.5% in July from the May 2024 peak of 75%.
The government’s medium-term economic program aims to strengthen price stability and resilience to external shocks, targeting single-digit inflation by 2027 through coordinated monetary, fiscal, and income policies.
Source: turkiyetoday