Decline in Central Bank of the Republic of Turkey Reserves
While the gross foreign exchange and gold reserves of the Central Bank of the Republic of Turkey decreased in the week ending October 16, total reserves fell to $169,097,000,000.
According to weekly monetary and banking statistics released by the Central Bank of the Republic of Turkey (CBRT), gross foreign exchange reserves and gold reserves registered a decline as of the week ending October 16.
According to CBRT data, as of October 16, gross foreign exchange reserves decreased by $2,419,000,000 to $62,148,000,000. In the previous week of October 9, gross foreign exchange reserves stood at $64,567,000,000.
In the same period, gold reserves also showed a decrease of $59,000,000, dropping from $107,008,000,000 to $106,949,000,000. With these decreases, the Central Bank's total reserves fell by $2,478,000,000 compared to the previous week, dropping from $171,575,000,000 to $169,097,000,000.
Sources
- Habertürk · Link