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The Central Bank of the Republic of Türkiye's (CBRT) net reserves rose for the fourth consecutive week. According to CBRT data, gross reserves increased by $80 million in the week ending May 30, reaching $153.19 billion.
Foreign currency reserves rose by $936 million, from $69.09 billion to $70.026 billion, reaching their highest level in eight weeks.
"Foreign exchange liabilities of the public sector (Central Bank and Central Government), which impacted short-term foreign exchange liquidity, decreased by 0.5% compared to the previous week, reaching $121.5 billion," the central bank's statement noted.
Gold reserves decreased from $84.019 billion to $83.164 billion.
Total reserves increased from $153.11 billion to $153.19 billion.
Official reserve assets increased 0.1% compared to the previous week, reaching $153.2 billion.
Foreign currency assets increased 1.5% to $62.4 billion compared to the previous week.
"Sub-items of official reserve assets, foreign currency reserves increased by 1.5% to $62.4 billion, gold reserves decreased by 1.0% to $83.2 billion, and the total of the IMF reserve position and SDRs decreased by 0.1% to $7.7 billion compared to last week," according to the central bank's data.
The central bank also noted, "Predetermined liabilities in foreign currencies recorded as $61.2 billion decreased by 0.6%, while contingent liabilities in foreign currencies decreased by 0.4% to $60.3 billion compared to the previous week."
"The central bank's foreign exchange liabilities from swap transactions stood at $19.6 billion," CBRT concluded.
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