
Central Bank reached the peak of its borrowing history 

2023-05-10 14:58:56


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	NEWS CENTER - The net reserve level of the Central Bank (MB), which reached the peak of its borrowing history, dropped to minus $68.4 billion, excluding swaps.

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	The Central Bank is experiencing the peak of its borrowing history with the rise in exchange rates . According to Bloomberg, the Central Bank intervened in the market by selling $177 billion from December 2021 to April 2023. In the last month, the market intervened with 49 billion dollars of foreign exchange sales.

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	Drawing attention to the meltdown at the Central Bank, Bloomberg economist Selva Baziki wrote that the bank's net reserves, excluding swaps, fell to minus $68.4 billion.

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