Turkish Central Bank's Reserves Soar
The overall reserves increased by 1.2%, or $2.54 billion, from the preceding week's $215.6 billion, the bank reported.
Reserves held in foreign currencies – in convertible foreign money – declined by 2.4% to $76.6 billion compared with the prior week.
Meanwhile, the bank's gold reserves – comprising gold deposits and gold-swapped assets – rose 3.4% to reach $133.8 billion during the same interval.
Additionally, the total IMF reserve position and special drawing rights experienced a modest 0.2% increase, reaching $7.8 billion.
This development represents the third occasion that the Turkish Central Bank's reserves have reached a new record since mid-January. On Jan. 16, the bank's reserves surpassed the $200 billion threshold for the first time.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
