CBRT’s net international reserves decreased by 22 billion dollars in 2 weeks

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Lerato Khumalo

CBRT’s net international reserves decreased by 9.8 billion dollars to 69 billion dollars in the week ending March 13.

According to the weekly data published by the CBRT, whose foreign exchange sales became evident due to the volatility that started in the markets after Israel and the USA attacked Iran on February 28, the net international reserve decreased by 22.8 billion dollars in the two weeks since the beginning of the war.

According to balance sheet data, the CBRT sold 23.5 billion dollars of foreign currency in the first two weeks of the month, most of it in the first days of March. In the first week, foreign exchange sales were reflected in the CBRT’s balance sheet as 13 billion dollars. In addition, with the foreign exchange sale of 8 billion dollars, which was made on the Friday of the first week and entered the balance sheet of the second week, the CBRT’s foreign exchange sales in the week ending March 13 reached 10.5 billion dollars.