According to data released by the Central Bank of the Republic of Turkey, domestic residents’ foreign exchange deposits increased by $592.7 million in the week ending March 3rd. As of that date, total foreign exchange deposits of domestic residents stood at $186.4 billion, with individual deposits up $499.5 million to $111.2 billion and corporate deposits up $120.1 million to $75.3 billion. However, total foreign currency deposits, adjusted for exchange rate fluctuations, decreased by $112 million, with individual deposits increasing by $6 million and corporate deposits declining by $118 million.
