Turkish Central Bank Reserves Surge to Historic High of USD189.7B
(MENAFN) The Turkish Central Bank's international reserves surged to an all-time high of $189.7 billion as of October 10, marking the third consecutive record-setting week and the fifth in the past two months, according to official data released Thursday.
The reserves increased by $3.5 billion, or 1.9%, from the previous week’s total of $186.2 billion, the bank reported.
Foreign currency holdings—comprising convertible currencies—saw a modest rise of 0.5%, reaching $79.6 billion.
Meanwhile, the bank’s gold assets, which include both deposits and gold swaps when applicable, experienced a sharper gain of 3.2%, bringing the total to $102.4 billion.
In contrast, holdings in IMF reserve positions and special drawing rights declined by 0.7%, settling at $7.7 billion.
This string of record-breaking figures highlights a continuing trend of robust reserve accumulation by the Turkish Central Bank, reinforcing its financial buffer amid a complex global economic environment.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
