Turkish Central Bank reserves drop to $110.3 billion in March

Dünya Executive - - OVERVIEW -

The Turk sh Central Bank’s off c al reserve assets dropped to $110.3 b ll on n March, the bank announced on Apr l 27. “Off c al reserve assets recorded $110.3 b ll on, nd cat ng a 3.7 percent decrease compared to the prev ous month,” the bank sa d n ts nternat onal reserves and fore gn currency l qu d ty report. Accord ng to the report, fore gn currency reserves also decl ned 5.2 percent month-on-month n March to $83.4 b ll on. The bank’s gold reserves - nclud ng gold depos ts and, f appropr ate, gold swaps - ncreased one percent to reach $25.3 b ll on dur ng the same per od. At the end of March 2017, the bank’s total reserves were $105.7 b ll on, nclud ng $87.13 b ll on n fore gn currency along w th $17.1 b ll on n gold reserves.

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