Central Bank's total reserves rise after 5 weeks

According to weekly money and bank statistics published by the Central Bank of the Republic of Turkey (CBRT), total reserves recorded an increase in the week ending November 6, driven by a rise in gross foreign exchange and gold reserves.

The Central Bank of the Republic of Turkey released its weekly money and bank statistics. Accordingly, as of November 6, the Central Bank's gross foreign exchange reserves increased by $933 million to $57 billion 23 million. Gross foreign exchange reserves were at the level of $56 billion 90 million on October 30.

During the same period, gold reserves also increased by $2 billion 24 million from $102 billion 17 million to $104 billion 41 million. Thus, the Central Bank's total reserves rose by $2 billion 956 million in the week ending November 6 compared to the previous week, reaching $161 billion 63 million from $158 billion 107 million.