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The rise in Central Bank reserves continued and reached $121 billion 515 million

While the Central Bank’s total reserves reached $121 billion 515 million in the week of September 15, an increase of $870 million compared to the previous week, the upward trend continued for the 14th week in a row.

Weekly Money and Bank Statistics were published by the CBRT.

Accordingly, as of September 15, the Central Bank’s gross foreign exchange reserves increased by $788 million to 80 billion 59 million. Gross foreign exchange reserves were at the level of $79 billion 271 million on September 8.

During the said period, gold reserves increased by $81 million , from $41 billion 374 million to $41 billion 455 million.

Thus, the Central Bank’s total reserves increased from $120 billion 645 million to $121 billion 515 million in the week of September 15, an increase of $870 million compared to the previous week.

While the upward trend in reserves continued for the 14th week in a row, the reserves, which were at $98.5 billion as of the end of May, increased to $121.5 billion as of September 15.

Thus, the increase from the end of May to the said date reached approximately $23 billion.

Source: Trthaber / Prepared by Irem Yildiz

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