Turkish Central Bank Reserves Surge to Historic High of USD189.7B

2025-10-16 08:11:55

(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.

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