Swap-Funded Share of Turkey’s FX Assets Falls to 7.7%
Ekonomim reports that swap-related foreign currency now makes up a single-digit share of the central bank’s gross foreign-currency assets.
Key takeaways
- Swap-related currency accounted for 7.7% of the central bank’s gross foreign-currency assets in the latest data reported by Ekonomim.
- The share had reached 67% in 2023, according to Ekonomim.
Swap-related foreign currency made up 7.7% of the Central Bank of Turkey’s gross foreign-currency assets in the latest data reported by Ekonomim. The share had risen as high as 67% in 2023.
Ekonomim said the ratio stayed mostly between 50% and 65% from 2021 through the first months of 2024. It then fell below 20% around mid-2024 and generally remained under 15% during 2025.
Foreign currency obtained through swaps can add to gross assets, but the transactions carry obligations to return the currency at a later date. Ekonomim described the lower share as a positive change in the financing structure of reserves.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
