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Foreign Investors Cut Turkish Lira Derivatives by $10 Billion
Positions with Turkish banks fell to $50.4 billion in the week through Oct. 30, their lowest level since mid-June.
Key takeaways
- Lira derivative positions fell $4 billion in the week through Oct. 30, to $50.4 billion.
- The positions shrank by $10 billion over October’s final three weeks.
Foreign investors’ Turkish lira derivative positions with local banks fell by $4 billion in the week through Oct. 30, to $50.4 billion, according to Ekonomim’s calculations using central bank and banking regulator data.
The total position contracted by $10 billion over the final three weeks of October. The Oct. 30 level was the lowest since mid-June.
Positions had reached a record $65.3 billion in August. The decline in derivative positions does not by itself mean an equal amount of foreign capital left Türkiye.
Topics
Turkish LiraTCMBBDDK
Further reading
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
