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)
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.
