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Turkish Central Bank Reserves Surge to Record USD218.2B
(MENAFN) Türkiye’s official international reserves surged to an unprecedented $218.2 billion by Jan. 30, fresh data from the Turkish Central Bank disclosed Thursday.
Total reserves climbed 1.2%—adding $2.54 billion—from the prior week's $215.6 billion level, the institution reported.
Foreign currency holdings in convertible currencies contracted 2.4% to $76.6 billion compared to the previous weekly figure.
Conversely, the bank's gold reserves—encompassing gold deposits and gold-swapped assets—jumped 3.4% to $133.8 billion during the identical timeframe.
Combined IMF reserve positions and special drawing rights also edged up 0.2%, reaching $7.8 billion.
This represents the third occasion since mid-January that the Turkish Central Bank's reserves have established a new peak. On Jan. 16, the institution's reserves crossed the $200 billion threshold for the first time in history.
Total reserves climbed 1.2%—adding $2.54 billion—from the prior week's $215.6 billion level, the institution reported.
Foreign currency holdings in convertible currencies contracted 2.4% to $76.6 billion compared to the previous weekly figure.
Conversely, the bank's gold reserves—encompassing gold deposits and gold-swapped assets—jumped 3.4% to $133.8 billion during the identical timeframe.
Combined IMF reserve positions and special drawing rights also edged up 0.2%, reaching $7.8 billion.
This represents the third occasion since mid-January that the Turkish Central Bank's reserves have established a new peak. On Jan. 16, the institution's reserves crossed the $200 billion threshold for the first time in history.
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