The monetary loss of the MB is 328 billion lira.

Center The bank closed the year 2022 with a profit of 72 thousand 22 million liras. However, the bank, which is running a foreign exchange deficit, posted a foreign exchange loss of 328.5 billion lira due to higher exchange rates. Since the loss has not yet been realized, it appeared on the balance sheet but did not spoil the profit. The Central Bank will send 30 billion lire of this profit to AFAD to heal the wounds of the earthquake. On the other hand, 62.3 billion lira will be paid to the Ministry of Finance under the name of dividend, tax and reserve funds. Thus, just before the elections, a total of 92.3 billion liras in cash will be sent from the Central Bank to the state, that is, for the use of the government.

TO PAY 30 BILLION LIRA TO AFAD

The Central Bank will hold the general assembly meeting on Tuesday of next week and will finish the profit distribution process. According to the balance published in the Official Gazette, the Central Bank will pay 21.9 billion lire in taxes this year to the Ministry of Finance. In addition, 7,799 million lira will be paid to the Treasury as reserve funds. The reserve fund that it will set aside for bad days on earnings will be around 9.4 billion lira.

The Central Bank will send the remaining 62,600 million to the Treasury as dividends after allocating the reserve fund of its profit of 72,000 million liras. However, this year AFAD was promised by the earthquake. Therefore, 30 billion lire must be transferred to AFAD’s account. Following this transfer, the remaining 32.6 billion lira will be paid to the Treasury. Thus, the total resource to be transferred to the budget will reach 62.3 billion liras, with a reserve fund of 7.8 billion liras and a tax of 21.9 billion liras. With the payment to be made to AFAD, the Center’s contribution to the pre-election budget will reach 92.3 billion lire.

It has 786 tons of gold.

The amount of gold in line with international standards on the balance sheet of the Central Bank, which has recently increased its gold assets, went from 657.7 tons to 786.8 tons in the last year. The monetary equivalent of gold on the balance sheet rose from 499 billion lira to 857 billion lira thanks to the increase in the value of gold. The amount of gold collected by the Central Bank from banks as required reserves increased from 141 tons to 157 tons in the last year.

For the first time in years, he lost the coin

The Central Bank, which ran a net foreign exchange deficit because its foreign currency assets could not meet its foreign currency liabilities, suffered a foreign exchange loss of 328.5 billion lira last year due to rising exchange rates. Since this loss has not yet been realized, it was recorded in the valuation account on the asset side of the balance sheet. This did not affect the Bank’s profit, since the unrealized valuation difference is not deducted from the profit for the period as required by law. The Center, which made foreign exchange gains, experienced a foreign exchange loss for the first time in years. With the correction made in the last month in the balance of 2021, the exchange loss became an exchange gain.