Turk­ish Cen­tral Bank re­serves to­tal $99.4B in July

Dünya Executive - - OVERVIEW -

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.

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