Turkish Central Bank reserves total $99.4B in July
Turkey’s Central Bank on August 28 announced its official reserves amounted to $99.4 billion as of the end of July. Total reserve assets jumped 3.1 percent versus $96.3 billion at the end of June, the Bank’s international reserves and foreign currency liquidity report showed. Foreign currency reserves - in convertible foreign currencies - totaled some $74.4 billion, up 3.3 percent compared to the previous month. In July, the bank’s gold reserves - including gold deposits and, if appropriate, gold swapped - also rose by 2.8 percent on a monthly basis to $23.5 billion. Meanwhile, the Bank’s official reserves decreased slightly by 1.3 percent year-on-year, down from $100.7 billion at the end of July 2018. In mid-December 2013, its total reserves hit their all-time peak at nearly $136 billion, including some $21 billion in gold reserves.