FX.co ★ Turkey’s Gross FX Reserves Drop Sharply to $62.77B as of March 12, 2026

Turkey’s gross foreign exchange reserves have declined significantly, falling to $62.77 billion as of March 12, 2026, from a previous level of $73.43 billion.

The sharp drop in reserves underscores rising pressure on Turkey’s external position, with a decrease of more than $10 billion over the latest measurement period. Such a contraction in FX buffers can affect the country’s ability to manage external shocks, service foreign currency obligations, and stabilize the lira through market interventions.

Investors and analysts will be closely watching upcoming data releases and policy signals to assess whether this decline marks a temporary adjustment or the beginning of a more prolonged drawdown in Turkey’s foreign currency reserves.