Central Bank reserves increased to $128.4 billion

Total reserves of the Central Bank of the Republic of Turkiye (CBRT) reached the highest level of 39 weeks in the week of November 3, increasing by $1 billion 860 million compared to the previous week, reaching $128 billion 420 million.

Weekly Money and Bank Statistics were published by the CBRT.

Accordingly, as of November 3, the Central Bank’s gross foreign exchange reserves increased by $1 billion 532 million to $83 billion 944 million. Gross foreign exchange reserves were at the level of $82 billion 412 million on October 27.

During the said period, gold reserves increased by $328 million, from $44 billion 148 million to $44 billion 476 million.

The total reserves of the Central Bank increased by $1 billion 860 million in the week of November 3 compared to the previous week, from $126 billion 560 million to $128 billion 420 million.

The increase in total reserves between the end of May and the week ending November 3 was $29 billion 962 million, and the increase in question corresponded to 30.4%. During this period, total reserves increased for 15 consecutive weeks, recording the longest increase in the data history, which started in 1987.

Source: Trthaber / Prepared by Irem Yildiz

Leave a Reply

Your email address will not be published.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

Back to top button