Business

Central Bank of the Republic of Turkiye’s reserves are at the highest level of the year

The total reserves of the Central Bank of the Republic of Turkiye reached the highest level of the year with $116 billion 26 million in the week of October 14.

Weekly Money and Bank Statistics were published by the CBRT.

Accordingly, as of October 14, the gross foreign exchange reserves of the Central Bank increased by $2 billion 920 million to $76 billion 172 million. Gross foreign exchange reserves were at the level of $73 billion 252 million on 7 October.

In the said period, gold reserves decreased by $869 million from $40 billion 724 million to $39 billion 855 million.

Thus, the Central Bank’s total reserves rose from $113 billion 976 million to $116 billion 26 million in the week of October 14, with an increase of $2 billion 50 million compared to the previous week. This figure marked the highest level of the year.

Source: Trthaber / Translated by Irem Yildiz

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button