Foreign currency reserves stand at $41.1B, gold reserves total $40B, official data shows
The Turkish Central Bank’s reserves amounted to $82.7 billion at the end of November, the bank announced on Monday.
Total reserve assets fell 2.2% in November from the end of October, according to the bank’s international reserves and foreign currency liquidity report.
Foreign currency reserves in convertible foreign currencies totaled $41.1 billion, slightly up 0.7% compared to the previous month.
In November, the bank’s gold reserves including gold deposits and, if appropriate, gold swapped fell 5.1% on a monthly basis to $40 billion.
Short-term predetermined net drains of the government and the central bank, including foreign currency loans, securities, and foreign exchange deposit liabilities, increased by 6.1% to $27.6 billion, the report said.
Of these, $22.3 billion were in principal repayments and $5.3 billion in interest payments, it said.
Additionally, outstanding foreign exchange and gold liabilities arising from the bank’s financial derivative activities with resident and non-resident banks stood at $63.4 billion, of which $27.6 billion is due in one month, the report said.