Turkish Central Bank reserves top $115B in August

Official reserve assets rise 7.1 pct over previous month, bank says 

Turkish Central Bank reserves top $115B in August

World Bulletin / News Desk

The Turkish Central Bank’s total reserves reached $115.29 billion as of the end of January, the bank announced Wednesday.

Official reserve assets rose 7.1 percent, compared to $107.63 billion as of Dec. 31, 2017, according to the bank's international reserves and foreign currency liquidity report.

In January, foreign currency reserves -- in convertible foreign currencies -- rose to $88.44 billion, a monthly increase of 7.1 percent.

As another sub-item of official reserve assets, gold reserves -- including gold deposits and, if appropriate, gold swapped -- climbed 7.4 percent last month to reach $25.28 billion, compared to the previous month.

At the end of January 2017, the bank's total reserves were $106.45 billion, including $89.05 billion in foreign currency along with $15.93 billion in gold reserves. 

Over the past 10 years, Central Bank of the Republic of Turkey (CBRT) official reserve assets rose nearly 61.5 percent, from $71.4 billion in January 2009 to $115.29 billion in January 2018.

In mid-December 2013, the bank's total reserves saw a historic high of nearly $136 billion, including some $21 billion in gold reserves.

 

Last Mod: 28 Şubat 2018, 10:45
Add Comment