Money

Turkey’s Central Bank reserves rise to $125.6B in Nov

Foreign currency posts monthly increase of 2.8%, gold reserves down by 1% in November

The Turkish Central Bank’s reserves amounted to $125.6 billion at the end of November, the bank announced on Tuesday.

Total reserve assets posted a monthly increase of 1.3%, according to the bank’s international reserves and foreign currency liquidity report.

Foreign currency reserves in convertible foreign currencies totaled $78.5 billion, up 2.8% on a monthly basis.

Last month, the bank’s gold reserves including gold deposits and, if appropriate, gold swapped dropped 1% from October to $39.3 billion.

The bank’s reserves stood at $82.7 billion at the end of November 2020.

Source
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