{"id":31252,"date":"2026-03-26T18:02:38","date_gmt":"2026-03-26T18:02:38","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/rusya-merkez-bankasi-rezervleri-varliklardaki-azalmayi-yansitarak-8032-milyar-dolardan-7768-milyar-dolara-geriledi\/"},"modified":"2026-03-26T18:02:38","modified_gmt":"2026-03-26T18:02:38","slug":"rusya-merkez-bankasi-rezervleri-varliklardaki-azalmayi-yansitarak-8032-milyar-dolardan-7768-milyar-dolara-geriledi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/rusya-merkez-bankasi-rezervleri-varliklardaki-azalmayi-yansitarak-8032-milyar-dolardan-7768-milyar-dolara-geriledi\/","title":{"rendered":"Rusya Merkez Bankas\u0131 rezervleri, varl\u0131klardaki azalmay\u0131 yans\u0131tarak 803,2 milyar dolardan 776,8 milyar dolara geriledi"},"content":{"rendered":"Rusya Merkez Bankas\u0131\u2019n\u0131n rezervleri 776,8 milyar dolara geriledi. Bir \u00f6nceki seviye 803,2 milyar dolard\u0131.\n\nBu, 26,4 milyar dolarl\u0131k bir d\u00fc\u015f\u00fc\u015f. Veriler, son toplam\u0131 bir \u00f6nceki toplamla kar\u015f\u0131la\u015ft\u0131r\u0131yor.\n\n<h3>Rezerv Eriyi\u015fi ve Ruble \u00dczerindeki Bask\u0131<\/h3>\nRusya\u2019n\u0131n d\u00f6viz rezervlerinde belirgin bir erime g\u00f6r\u00fcyoruz; bu b\u00fcy\u00fckl\u00fckteki ilk ciddi d\u00fc\u015f\u00fc\u015f 2024 sonundan beri ya\u015fanmam\u0131\u015ft\u0131. 776,8 milyar dolara inmesi, merkez bankas\u0131n\u0131n elindeki dolar ve euroyu piyasaya s\u00fcrerek Ruble\u2019yi (Rus para birimi) desteklemeye \u00e7al\u0131\u015ft\u0131\u011f\u0131n\u0131 g\u00f6steriyor. T\u00fcrev (fiyat\u0131 ba\u015fka bir varl\u0131\u011fa ba\u011fl\u0131 olan s\u00f6zle\u015fmeler) i\u015flemi yapanlar, USD\/RUB paritesinde (dolar\/ruble kuru) oynakl\u0131\u011f\u0131n artmas\u0131na haz\u0131rl\u0131kl\u0131 olmal\u0131. Kur bu ay 110 seviyesini a\u015farak bir y\u0131ldan uzun s\u00fcre sonra ilk kez bu e\u015fi\u011fin \u00fczerine \u00e7\u0131kt\u0131.\n\nBu \u00f6l\u00e7ekte rezerv kullan\u0131m\u0131, Rusya Merkez Bankas\u0131\u2019n\u0131 kuru dengelemek i\u00e7in faizlerde daha sert ad\u0131mlar atmaya zorlayabilir. G\u00f6sterge faiz (merkez bankas\u0131n\u0131n ana politika faizi) 2025 boyunca yap\u0131lan art\u0131\u015flar\u0131n ard\u0131ndan %16\u2019da. Yeni bir art\u0131\u015f, kredi maliyetini (bor\u00e7lanman\u0131n faizi) belirgin \u015fekilde y\u00fckseltir. Bu nedenle yeni bir faiz art\u0131\u015f\u0131 olas\u0131l\u0131\u011f\u0131 art\u0131yor. Bu ortamda vadeli faiz anla\u015fmalar\u0131 (bug\u00fcnden gelecekte uygulanacak faizi sabitleyen s\u00f6zle\u015fmeler) daha yak\u0131ndan izlenmeli.\n\nD\u00fc\u015f\u00fc\u015f, Rusya\u2019n\u0131n \u00f6demeler dengesi (\u00fclkenin d\u0131\u015f d\u00fcnyayla yapt\u0131\u011f\u0131 para giri\u015f-\u00e7\u0131k\u0131\u015flar\u0131n\u0131n b\u00fct\u00fcn\u00fc) \u00fczerinde artan bask\u0131ya da i\u015faret ediyor. Bu tablo, Brent petrol\u00fcn varil fiyat\u0131n\u0131n 72 dolar civar\u0131nda kalmas\u0131yla a\u011f\u0131rla\u015f\u0131yor; bu seviye b\u00fct\u00e7e i\u00e7in gerekenin alt\u0131nda. Bask\u0131, \u00fclke kredi riskini y\u00fckseltir. Bu nedenle Rusya\u2019n\u0131n CDS primlerinde (kredi temerr\u00fct takas\u0131: borcun \u00f6denmeme riskine kar\u015f\u0131 sigorta maliyeti) geni\u015fleme g\u00f6r\u00fclebilir. Yat\u0131r\u0131mc\u0131lar, daha fazla bozulmaya kar\u015f\u0131 korunma (hedge: riskten korunma i\u015flemi) ama\u00e7l\u0131 koruma sat\u0131n almay\u0131 de\u011ferlendirebilir.\n\n2022\u2019de rezervlerin \u00f6nemli bir b\u00f6l\u00fcm\u00fcn\u00fcn donduruldu\u011fu hat\u0131rlan\u0131rsa, eri\u015filebilir kalan kaynaklar\u0131n kullan\u0131lmas\u0131 kritik bir sinyal. Bu erime, 2025\u2019in b\u00fcy\u00fck b\u00f6l\u00fcm\u00fcnde g\u00f6rd\u00fc\u011f\u00fcm\u00fcz yava\u015f ama istikrarl\u0131 birikim e\u011filimini tersine \u00e7eviriyor. Bu de\u011fi\u015fim, yapt\u0131r\u0131mlar ve ihracat gelirlerindeki d\u00fc\u015f\u00fc\u015f gibi temel ekonomik bask\u0131lar\u0131n \u00f6nceki \u00e7eyreklere g\u00f6re daha fazla etkili olmaya ba\u015flad\u0131\u011f\u0131n\u0131 g\u00f6steriyor.\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\u015eok d\u00fc\u015f\u00fc\u015f: Rusya Merkez Bankas\u0131 rezervleri 803,2\u2019den 776,8 milyar dolara inerek 26,4 milyar eridi. Ruble bask\u0131s\u0131 art\u0131yor; USD\/RUB oynakl\u0131\u011f\u0131, olas\u0131 ek faiz art\u0131\u015f\u0131 ve CDS geni\u015flemesi g\u00fcndemde.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-31252","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/31252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=31252"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/31252\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=31252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=31252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=31252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}