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Posted on Aug 21, 2024

5. Look at the attached Excel file and see the CBRT Analytical Balance Sheet for December 21, 2021 and November 10, 2021. How much money

5. Look at the attached Excel file and see the CBRT Analytical Balance Sheet for December 21, 2021 and November 10, 2021. How much money did the CBRT create, between November 10 and December 21 last year? While creating that much money, what were the channels did the CBRT use ? (e.g. purchasing FX, lending to banks, lending to the Treasury, etc.) Do you think that increasing domestic assets of the CBRT may have caused an impact on FX rate ? Why? [Attention: In order to eliminate the effect of FX rate change, you should add the FX REVALUATION ACCOUNT to the FOREIGN ASSETS) (20 pts) QUESTION 5 Aralk 21, 2021 Kasm 10, 2021 A.ASSETS(Thousand TRY) 2.303.004.819 1.374.449.554 2.010.528.627 480.351.329 1.243.921.840 230.214.018 A.1-FOREIGN ASSETS(Thousand TRY) A.2-DOMESTIC ASSETS(Thousand TRY) A.2A-Cash Operations(Thousand TRY) A.2Aa-Treasury Debt(Thousand TRY) A.2Aal-Securities(Thousand TRY) A.2Aa2-Other(Thousand TRY) A.2Ab-Credits to Banking Sector(Thousand TRY) A.2Ad-Other Items(Thousand TRY) A.3-FX REVALUATION ACCOUNT(Thousand TRY) 72.740.803 72.968.605 -227.803 268,478,822 139.131.705 -187.875.138 72.817.470 73.052.131 -234.661 168.445,087 -11.048.539 -99.686.304 P.LIABILITIES(Thousand TRY) 2.303.004.819 1.374.449.554 P.1-TOTAL FOREIGN LIABILITIES(Thousand TRY) P.la-Liabilities to Non-Residents(Thousand TRY) P.1b-Liabilities to Residents(Thousand TRY) P.1ba-Public Sector and Other FX Deposits(Thousand TRY) P.Ibb-FX Deposits of Banking Sector(Thousand TRY) P.2-CENTRAL BANK MONEY(Thousand TRY) P.2A-Reserve Money (Thousand TRY) P.2Aa-Currency Issued(Thousand TRY) P.2Ab-Deposits of Banking Sector(Thousand TRY) P.2Abb-Free Deposits(Thousand TRY) P.2Ac-Extra Budgetary Funds(Thousand TRY) P.2Ad-Deposits of Non-Bank Sector(Thousand TRY) P.2B-Other Central Bank Money(Thousand TRY) P.2Ba-Open Market Operations(Thousand TRY) P.2Bb-Deposits of Public Sector(Thousand TRY) 2.099.235.529 279.317.938 1.819.917.591 199.275.765 1.620.641.826 203.769.290 630.558.487 246.883.935 383.411.921 383.411.921 70.407 192.224 -426.789.196 -565.513.040 138.723.844 1.088.013.955 142.793.980 945.219.975 123.194.173 822.025.802 286.435.599 519.899.321 230.363.125 289.265.244 289.265.244 78.844 192.108 -233.463.723 -354.064.833 120.601.110 5. Look at the attached Excel file and see the CBRT Analytical Balance Sheet for December 21, 2021 and November 10, 2021. How much money did the CBRT create, between November 10 and December 21 last year? While creating that much money, what were the channels did the CBRT use ? (e.g. purchasing FX, lending to banks, lending to the Treasury, etc.) Do you think that increasing domestic assets of the CBRT may have caused an impact on FX rate ? Why? [Attention: In order to eliminate the effect of FX rate change, you should add the FX REVALUATION ACCOUNT to the FOREIGN ASSETS) (20 pts) QUESTION 5 Aralk 21, 2021 Kasm 10, 2021 A.ASSETS(Thousand TRY) 2.303.004.819 1.374.449.554 2.010.528.627 480.351.329 1.243.921.840 230.214.018 A.1-FOREIGN ASSETS(Thousand TRY) A.2-DOMESTIC ASSETS(Thousand TRY) A.2A-Cash Operations(Thousand TRY) A.2Aa-Treasury Debt(Thousand TRY) A.2Aal-Securities(Thousand TRY) A.2Aa2-Other(Thousand TRY) A.2Ab-Credits to Banking Sector(Thousand TRY) A.2Ad-Other Items(Thousand TRY) A.3-FX REVALUATION ACCOUNT(Thousand TRY) 72.740.803 72.968.605 -227.803 268,478,822 139.131.705 -187.875.138 72.817.470 73.052.131 -234.661 168.445,087 -11.048.539 -99.686.304 P.LIABILITIES(Thousand TRY) 2.303.004.819 1.374.449.554 P.1-TOTAL FOREIGN LIABILITIES(Thousand TRY) P.la-Liabilities to Non-Residents(Thousand TRY) P.1b-Liabilities to Residents(Thousand TRY) P.1ba-Public Sector and Other FX Deposits(Thousand TRY) P.Ibb-FX Deposits of Banking Sector(Thousand TRY) P.2-CENTRAL BANK MONEY(Thousand TRY) P.2A-Reserve Money (Thousand TRY) P.2Aa-Currency Issued(Thousand TRY) P.2Ab-Deposits of Banking Sector(Thousand TRY) P.2Abb-Free Deposits(Thousand TRY) P.2Ac-Extra Budgetary Funds(Thousand TRY) P.2Ad-Deposits of Non-Bank Sector(Thousand TRY) P.2B-Other Central Bank Money(Thousand TRY) P.2Ba-Open Market Operations(Thousand TRY) P.2Bb-Deposits of Public Sector(Thousand TRY) 2.099.235.529 279.317.938 1.819.917.591 199.275.765 1.620.641.826 203.769.290 630.558.487 246.883.935 383.411.921 383.411.921 70.407 192.224 -426.789.196 -565.513.040 138.723.844 1.088.013.955 142.793.980 945.219.975 123.194.173 822.025.802 286.435.599 519.899.321 230.363.125 289.265.244 289.265.244 78.844 192.108 -233.463.723 -354.064.833 120.601.110