Turkey’s Official Reserves Rise to $171.6 Billion
The central bank reported a weekly increase in reserves, while public-sector short-term foreign-currency liabilities declined.
Key takeaways
- Official reserve assets rose 2.5% in the week to Oct. 9, reaching $171.6 billion.
- Public-sector short-term foreign-currency liabilities fell 2.4% to $120.8 billion.
Turkey’s official reserve assets rose 2.5% in the week to Oct. 9, reaching $171.6 billion, the Central Bank of the Republic of Türkiye reported.
Foreign-currency assets increased 8.1% to $56.9 billion, while gold reserves slipped 0.1% to $107 billion. The IMF reserve position and Special Drawing Rights totaled $7.6 billion.
Short-term foreign-currency liabilities of the public sector, including the central bank and central government, fell 2.4% to $120.8 billion. Predetermined liabilities declined 7% to $52 billion, while contingent liabilities rose 1.4% to $68.7 billion.
Net foreign-currency liabilities from the central bank’s total FX swap transactions stood at $16.5 billion. Its net receivables from gold swaps were $3 billion.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
