Foreign Exchange Reserves on the Rise While Gold Holdings Decline
The reserves of the Central Bank of the Republic of Turkiye (CBRT) have reached an all-time high of $146.3 billion, continuing their upward trend. According to the weekly reserve report, the total reserves increased from $146.152 billion to $146.301 billion, marking a significant milestone.
Details of Reserve Changes
The overall increase of $150 million in the Central Bank’s reserves was primarily driven by a rise in foreign exchange reserves, which grew from $86.356 billion to $88.433 billion. However, this was partially offset by a decline in gold reserves, which fell from $59.796 billion to $57.868 billion.
This record-breaking increase in reserves highlights the Central Bank’s strengthened financial position amid dynamic economic conditions.
Source: Dunya.com / Prepared by Irem Yildz
