While the Central Bank’s total reserves increased by $3 billion 325 million in the week of September 1 compared to the previous week and reached $120 billion 624 million, the upward trend continued for the 12th week in a row.
Weekly Money and Bank Statistics were published by the Central Bank of the Republic of Turkiye (CBRT).
Accordingly, as of September 1, the gross foreign exchange reserves of the Central Bank increased by $2 billion 811 million to $78 billion 766 million. Gross foreign exchange reserves were at the level of $75 billion 955 million on August 25.
During the said period, gold reserves increased by $514 million, from $41 billion 344 million to $41 billion 858 million.
Thus, the Central Bank’s total reserves increased from $117 billion 299 million to $120 billion 624 million in the week of September 1, with an increase of $3 billion 325 million compared to the previous week.
The upward trend approaches the 12th consecutive week
While the upward trend in reserves continued for the 12th week in a row, the reserves, which were at $98.5 billion as of the end of May, increased to $120.6 billion as of September 1.
Thus, the increase from the end of May to the said date reached approximately $22.1 billion. During the said period, net reserves increased by $20.6 billion and reached $16.2 billion.
Source: Trthaber / Prepared by Irem Yildiz