Turkish Central Bank’s International Reserves Hit Record High
The reserves increased by 1%, equivalent to $1.75 billion, compared to the previous week's $180.1 billion, the bank reported.
Foreign currency reserves—held in convertible foreign currencies—declined by 2.2%, dropping to $81.4 billion from the prior week.
Gold reserves of the bank—which include gold deposits and, when relevant, gold swapped—experienced a substantial rise of 4.1%, reaching $90.9 billion over the same timeframe.
On the other hand, the total International Monetary Fund (IMF) reserve position and special drawing rights decreased slightly by 0.1%, settling at $7.7 billion.
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