While the total reserves of the Central Bank of the Republic of Turkiye (CBRT) increased by $728 million in the week of August 11 compared to the previous week and reached $116 billion 319 million, the upward trend was carried over to the 9th week in a row.
Weekly Money and Bank Statistics were published by the CBRT.
Accordingly, as of August 11, the gross foreign exchange reserves of the Central Bank increased by $872 million to $75 billion 101 million. Gross foreign exchange reserves were at the level of $74 billion 229 million on 4 August.
In the said period, gold reserves decreased by $144 million from $41 billion 362 million to $41 billion 218 million.
Thus, the Central Bank’s total reserves rose from $115 billion 591 million to $116 billion 319 million in the week of August 11, with an increase of $728 million compared to the previous week.
While the upward trend in reserves was carried over to the 9th week in a row, the reserves, which were at the level of $98.5 billion as of the end of May, increased to $116.3 billion as of August 11. Thus, the increase in the period from the end of May to the said date reached approximately $17.9 billion. In this period, net reserves increased by $20.2 billion and amounted to $15.8 billion.
Source: AA / Prepared by Irem Yildiz