# Fund Scandal Erodes Reserves as Stock Market Holds On; Foreign Exchange and Gold Under Pressure

> The article links a fund scandal and concerns over transparency to higher risk premiums, weaker credit use, and a reported $21–22 billion decline in central-bank reserves. As of October 30, gross reserves stood at $158.1 billion, net reserves at $38 billion, and net reserves excluding swaps at $24.3 billion; Turkish stocks lost an estimated $90–100 billion in value, while the lira weakened against the dollar and euro.

- Date: 2026-11-08 · published 2026-11-09T03:12:44.363Z
- Category: macro · region Turkey · magnitude medium
- Page: https://feedsoft.ai/events/88610-fund-scandal-erodes-reserves-as-stock-market-holds-on-foreign-exchange-and-gold
- Commodities: [Turkish Lira (TRY per USD)](https://feedsoft.ai/c/USDTRY.md)

## Why it matters

Reduced confidence and falling reserves can increase pressure on the lira and raise USD/TRY. Weaker household wealth and consumption may also weigh on domestic demand, though the article gives no specific feed-market impact.

## Read by commodity

- USDTRY: bullish ▲

## Sources

- etvturkiye.com: https://etvturkiye.com/fon-skandali-rezervi-eritiyor-borsa-tutunuyor-doviz-ve-altin-baski-altinda/5928

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.