Categories: Economy

Central Bank gross reserves increased, net reserves decreased

The Central Bank (CBRT) published weekly monetary and banking statistics.

The total reserves of the Central Bank of the Republic of Turkey (CBRT) increased by 1.8 billion dollars in the week of November 3 compared to the previous week, reaching 128.4 billion dollars.

As of November 3, the Central Bank’s gross foreign exchange reserves increased by $1.5 billion to $83.9 billion. On October 27, gross foreign exchange reserves amounted to $82.4 billion.

During the aforementioned period, gold reserves increased by $328 million, from $44.1 billion to $44.4 billion.

NET RESERVES DECREASE

In the week of November 3, net reserves decreased from $25.1 billion to $24.7 billion.

CBRT net reserves, excluding swaps, increased by -$1 billion last week, reaching $55.4 billion. The previous week these data amounted to -56.4 billion dollars.

Source: Sozcu

Andrew

Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.