ISTANBUL, June 4 (Reuters) – Foreign currency deposits and funds, including precious metals owned by Turkish individuals and companies, rose to $ 200.21 billion per share. May 29, as they rose closer to a record high of $ 201.7 billion, central bank data showed Thursday.
They stood at $ 199.29 billion a week earlier, the data showed.
Turks have been flocking to hard currencies since a currency crisis in 2018, with lira losing nearly 30% of its value to the dollar. The locals’ forex stocks hit a record high in March and entered a brief falling trend before reversing course in recent weeks.
Foreign investors sold $ 160.8 million in Turkish equities in the week to May 29, while Turkish government bonds they held fell by $ 97.2 million in the same week. (Reporting by Ali Kucukgocmen Editing by Daren Butler)