Central bank reserves fall $3.95 billion

The central bank's reserves fell $3.95 billion in the week to Sept. 4, to $184.25 billion, a decline market participants said could put fresh pressure on the lira.

Reserves fall to $184.25 billion

Data showed total reserves were $184.25 billion after the $3.95 billion weekly drop. The figure reflects the central bank's reported weekly balance and was published this week.

Market participants said the reduction narrows the central bank's buffers for foreign-exchange intervention and could weigh on confidence in the lira if the trend continues. Analysts noted that smaller reserves limit the scope for spot purchases and other support operations without drawing on other liquidity tools.

Traders will watch the next weekly reserves update on Sept. 17 for signs of stabilization, market participants said. That release, they added, will shape near-term FX positioning and could influence the central bank's operational choices into the middle of the month.