Turkish Central Bank reserves total almost $85 billion in September

Dunya Executive - - OVERVIEW -

The off c al reserves of the Central Bank of the Republ c of Turkey (CBRT) reached

$84.7 b ll on as of Sept. 30 th s year, the

Bank announced on October 26. Accord ng to the Bank’s nternat onal reserves and fore gn currency l qu d ty report, total reserve assets fell 4.7 percent n September, from $88.9 b ll on at the end of August. Fore gn currency reserves - n convert ble currenc es - totaled $65.5 b ll on, mark ng a 4.9 percent drop compared to the prev ous month. Last month, the bank’s gold reserves - nclud ng gold depos ts and, f appropr ate, gold swaps - decl ned by 4.2 percent on a monthly bas s to $17.7 b ll on. The bank’s off c al reserves decreased by 24.3 percent year-on-year, down from $111.9 b ll on at the end of September 2017. Short-term, predeterm ned net dra ns of the central government and the CBRT fore gn currency loans, secur t es, and fore gn exchange depos t accounts of res dents abroad held at the Bank - recorded a 6.5-percent monthly h ke n September, reach ng $12.8 b ll on, the Bank sa d. “Of th s amount, $8.7

b ll on belongs to pr nc pal repayments and $4.1 b ll on to nterest repayments,” t added.

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