Turkish Central Bank reserves total almost $85B in Sep.

Foreign currency reserves amount to $65.5 billion, gold reserves at $17.7 billion, according to official bank report

Turkish Central Bank reserves total almost $85B in Sep.

The official reserves of the Central Bank of the Republic of Turkey (CBRT) amounted to $84.7 billion as of Sep. 30 this year, the bank announced Friday.

According to the bank's international reserves and foreign currency liquidity report, total reserve assets fell 4.7 percent in September, versus $88.9 billion at the end of August.

Foreign currency reserves -- in convertible foreign currencies -- totaled $65.5 billion, marking a 4.9 percent drop compared to the previous month.

Last month, the bank's gold reserves -- including gold deposits and, if appropriate, gold swapped -- declined by 4.2 percent on a monthly basis to $17.7 billion.

The bank’s official reserves decreased by 24.3 percent year-on-year, down from $111.9 billion at the end of September 2017.

In mid-December 2013, its total reserves hit their all-time peak at nearly $136 billion, including some $21 billion in gold reserves.

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