Turkish locals’ forex and gold holdings rise $3.77bn By Reuters August 12, 2022 Creative Commons Turkish local corporates bought $4.27 billion last week, when adjusted for the parity effect, central bank data showed Turkish locals’ forex and gold holdings rose $3.77 billion when adjusted for the parity effect to stand at $216.86 billion by August 5, data showed on Thursday, as corporates bought hard currencies. Turkish local corporates bought $4.27 billion last week, when adjusted for the parity effect, central bank data showed. Individuals sold $498 million in the same period. The total forex holdings stood at $212.70 billion on July 29. Turkish locals’ forex and gold holdings hit a record high of $238.97 billion in December as Turks converted savings during a currency crisis that saw the lira lose 44% against the dollar last year. The currency is down some 27% this year.
