Turkiye’s Central Bank Reserves Decline to Approximately $142.9 Billion

Turkiye’s Central Bank Reports a Significant Decrease in Total Reserves by $4.712 Billion as of June 28

The Central Bank of the Republic of Turkiye (TCMB) has released its weekly money and banking statistics, revealing a notable drop in total reserves. As of June 28, the total reserves have decreased by $4.712 billion, bringing the new total to $142.91 billion, down from the previous week’s $147.622 billion.

The gross foreign exchange reserves experienced a significant decline of $3.662 billion, falling from $88.495 billion on June 21 to $84.833 billion. Concurrently, the gold reserves also saw a reduction, dropping by $1.05 billion from $59.127 billion to $58.077 billion during the same period.

This substantial decrease in the Central Bank’s reserves highlights the dynamic nature of Turkiye’s financial landscape and underscores the importance of monitoring these fluctuations closely.

Source: Trthaber / Prepared by Irem Yildiz

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