Turkish central bank reserves increase to $147.9B in July
A logo of Türkiye's Central Bank (CBRT) is pictured at the entrance of the bank's headquarters in Ankara, Türkiye April 19, 2015. (Reuters Photo)
August 20, 2024 05:42 PM GMT+03:00
The Central Bank of the Republic of Türkiye (CBRT) reported a notable increase in its official reserves, which reached $147.9 billion by the end of July. This marks a 3.5% rise compared to the previous month, reflecting the bank's efforts to bolster its financial position.
Turkish central bank's figures
- Foreign currency reserves: Grew by 7.5% month-on-month, totaling $83.2 billion in July. These reserves consist of convertible foreign currencies and represent a significant portion of the bank's assets.
- Gold reserves: Decreased by 1.6%, amounting to $57.2 billion at the end of July. This includes gold deposits and, where applicable, gold-swapped reserves.
August 20, 2024 05:42 PM GMT+03:00
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