Turkiye

Turkiye’s Central Bank Reserves Hit Record $186.2 Billion as Gold Holdings Surge

As of Oct. 3, international reserves up 1.8% compared to previous week, gold reserves surge 3%

The Turkish Central Bank’s official international reserves reached a new all-time high of $186.2 billion as of Oct. 3, according to official figures released on Thursday.

The reserves rose by 1.8%, or $3.2 billion, from the previous week’s $183 billion, the bank said.

Foreign currency reserves in convertible foreign currencies were up 0.4% to $79.3 billion compared to the previous week.

The bank’s gold reserves including gold deposits and, if appropriate, gold-swapped climbed 3% to $99.2 billion in the same period.

Meanwhile, total IMF reserve position and special drawing rights ticked up 0.1% to reach $7.8 billion.

Source: aa

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