What is the source for the swap figures ?
#Turkey's net foreign exchange reserves fall to $24.9 billion, lowest since October. * Reserves include $13.2 billion FX swaps with local banks * Also includes gold reserves More on NI TURKEY <GO>pic.twitter.com/XFTZFsuKBt
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Central Bank.
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You have to calculate how much does TCMB GROSS reserves include FX Swaps ? Consolidated Turkish banks BS gives some keys about this anxious numbers as a result of dollarisation.
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Selling
$USD to prop up the Lira.....Only works for a short period.Thanks. Twitter will use this to make your timeline better. UndoUndo
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