Press Release on Reduction of External Liabilities (2024-40)

No: 2024-40

24 July 2024

Press Release on Reduction of External Liabilities 

The Central Bank of the Republic of Türkiye is reviewing its international deposit transactions to reduce external liabilities as part of reserve management.

Accordingly, the deposit transaction of USD 5 billion carried out with the Saudi Fund for Development in 2023 has been terminated by mutual agreement.

Our external liabilities have recently improved by approximately USD 7 billion through the reduction of deposit balances.

Contact

For further information, you may send an e-mail to basin@tcmb.gov.tr.