Turkiye

Turkiye’s Central Bank Reserves Hit Record $174.4 Billion, Driven by Gold and FX Holdings

As of Aug. 8, international reserves reach record high of $174.4B

The Turkish Central Bank’s official international reserves hit an all-time high of $174.4 billion as of Aug. 8, according to official figures released on Thursday.

The reserves rose 3.2%, or $5.38 billion from the previous week’s $168.99 billion, Türkiye’s Central Bank said.

Foreign currency reserves in convertible foreign currencies increased 3.4% to $79.9 billion compared to the previous week.

The bank’s gold reserves including gold deposits and, if appropriate, gold-swapped were up by 3.2% to $86.8 billion in the same period.

The total of the IMF reserve position and special drawing rights also increased 0.8% to reach $7.7 billion as of Aug. 8.

Source: aa

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