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The increase in the Central Bank’s reserves continues

While the total reserves of the Central Bank of the Republic of Turkiye reached $120 billion 645 million in the week of September 8, an increase of $21 million compared to the previous week, the upward trend continued for the 13th 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 8, the Central Bank’s gross foreign exchange reserves increased by $505 million to $79 billion 271 million. Gross foreign exchange reserves were at the level of $78 billion 766 million on September 1.

During the said period, gold reserves decreased by $484 million, from $41 billion 858 million to $41 billion 374 million.

Thus, the Central Bank’s total reserves increased from $120 billion 624 million to $120 billion 645 million in the week of September 8, an increase of $21 million compared to the previous week.

While the upward trend in reserves continued for the 13th 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 8.

Thus, the increase from the end of May to the said date reached approximately $22.1 billion.

Source: Trthaber / Prepared by Irem Yildiz

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