Central Bank reserves reached the highest level since February with $128.6 billion

Total reserves of the Central Bank of the Republic of Turkiye (CBRT) reached the highest level of 40 weeks in the week of November 10, increasing by $194 million compared to the previous week and reaching $128 billion 614 million.

Weekly Money and Bank Statistics were published by the CBRT.

Accordingly, as of November 10, the Central Bank’s gross foreign exchange reserves increased by $700 million to $84 billion 644 million. Gross foreign exchange reserves were at the level of $83 billion 944 million on November 3.

During the said period, gold reserves decreased by $506 million, from $44 billion 476 million to $43 billion 970 million.

The Central Bank’s total reserves increased from $128 billion 420 million to $128 billion 614 million in the week of November 10, an increase of $194 million compared to the previous week.

The increase in total reserves between the end of May and the week ending November 10 was $30 billion 156 million, corresponding to 30.6%.

During this period, total reserves increased for 15 consecutive weeks, recording the longest increase in the data history, which started in 1987.

Source: AA / Prepared by Irem Yildiz

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