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Turkish Central Bank's reserves climb to $92 billion

Turkish Central Bank's reserves climb to $92 billion

Foreign currency, gold reserves up 2.3%, 7.4% on monthly basis in May, per official data.
28.06.2021 - 12:29

The Turkish Central Bank’s reserves amounted to $92 billion at the end of May, according to data released on Monday.

Total reserve assets saw a monthly increase of 4.6%, according to the bank’s international reserves and foreign currency liquidity report.

Foreign currency reserves – in convertible foreign currencies – totaled $46.5 billion, up 2.3% on a monthly basis.

The bank’s gold reserves – including gold deposits and, if appropriate, gold swapped – swelled 7.4% from April to reach $43.9 billion.

The bank’s reserves also posted an increase from $90.9 billion at the end of May 2020.