Turkish central bank's foreign reserves hits record in November

File photo shows Central Bank of the Republic of Türkiye (CBRT) sign at the entrance of its headquarters in Ankara, Türkiye. (AA Photo)

The Central Bank of the Republic of Türkiye (CBRT) reported that gross foreign exchange reserves reached a new peak of $95.01 billion, increasing by $2.19 billion from $92.82 billion.

According to the CBRT's weekly monetary and banking statistics, total reserves rose by $1.65 billion to reach $159.39 billion during the week ending Dec. 6.

During the same period, gold reserves declined by $541 million, falling from $64.92 billion to $64.38 billion.

Consequently, the CBRT's total reserves rose from $157.74 billion in the previous week to $159.39 billion as of Dec. 6.

Changes in CBRT reserves between November and December are shown in the table below:

Date

Gold reserves

Gross foreign exchange reserves

Total reserves

01.11.2024

$66.614 billion

$93.005 billion

$159.619 billion

29.11.2024