Central Bank of the Republic of Turkey Announces Gross Reserve Data
While the total of the CBRT's gross foreign exchange and gold assets showed a decline last week, a limited increase was recorded in net reserves.
According to the latest data announced by the Central Bank of the Republic of Turkey, while gross reserves experienced a drop last week, the net reserve amount and the status of net reserves excluding swaps have also become clear.
Decline in Gross Reserves
The gross reserves of the Central Bank of the Republic of Turkey (CBRT) decreased to $167.4 billion last week. Gross reserves had stood at $171.2 billion the previous week.
Distribution of Foreign Exchange and Gold Assets
According to the announced data, the bank's foreign exchange assets stood at $60.4 billion. Reserve assets denominated in gold were recorded at a total of $107.1 billion.
Net Reserve Data
The CBRT's net reserves were recorded at $53.8 billion last week. This item had been at the level of $53.4 billion the previous week.
Net Reserves Excluding Swaps
The Central Bank's net reserves excluding swaps declined from $39.9 billion in the previous week to $37.9 billion.