律动BlockBeats|Mar 25, 2026 12:09
[Approximately $30 Billion in Foreign Reserves Depleted in 3 Weeks, Turkey May Be Forced to Use Gold Reserves to Stabilize Exchange Rates]
BlockBeats News, March 25: Due to the impact of the Middle East situation, Turkey's foreign exchange reserves have rapidly declined, raising concerns in the market about its ability to stabilize its currency. Data shows that over the past three weeks, the Central Bank of Turkey has utilized approximately $30 billion to intervene in the market and support the lira.
Analysts point out that under the dual pressures of capital outflows and surging energy costs, Turkey may be forced to sell or use gold reserves through swaps to supplement foreign exchange liquidity. Currently, its gold reserves exceed $100 billion.
Affected by the conflict, international oil prices have risen sharply, further exacerbating Turkey's current account deficit and inflationary pressures. The market widely anticipates that if the situation persists, Turkey may face currency depreciation and interest rate hike pressures.
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