Headline: Domestic Residents' Foreign Currency Deposits Surge by $2.7 Billion

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Headline: Domestic Residents' Foreign Currency Deposits Surge by $2.7 Billion

According to data released by the Central Bank of the Republic of Turkey, foreign currency deposits held by domestic residents increased by $2.705 billion in one week. As of the week ending October 18th, domestic residents' foreign exchange deposits rose to $169.636 billion from $166.506 billion in the previous week. Individual deposits increased by $811.8 million to $106.213 billion, while corporate deposits rose by $1.893 billion to $63.423 billion. Adjusted for parity effects, the total foreign currency deposits of domestic residents increased by $1.992 billion, with individual deposits decreasing by $34 million and corporate deposits increasing by $2.026 billion.