Cen­tral Bank re­serves reach $101.6 bil­lion in Au­gust

Dünya Executive - - OVERVIEW -

The Turk­ish Cen­tral Bank’s of­fi­cial re­serves to­taled $101.6 bil­lion as of the end of Au­gust 2019, the Bank an­nounced on Septem­ber 27. Its to­tal re­serve as­sets soared 2.2 per­cent in July, com­pared to $99.4 bil­lion at the end of July, ac­cord­ing to a re­port on the Bank’s in­ter­na­tional re­serves and for­eign cur­rency liq­uid­ity. The Bank’s for­eign cur­rency re­serves - in con­vert­ible for­eign cur­ren­cies - to­taled some $74.4 bil­lion, un­changed from the pre­vi­ous month’s fig­ures. Its gold re­serves - in­clud­ing gold de­posits and, if ap­pro­pri­ate, gold swapped - posted an in­crease of 9.4 per­cent on a monthly ba­sis to $25.7 bil­lion in Au­gust. Com­pared an­nu­ally, the Bank’s of­fi­cial re­serves also rose 14.2 per­cent, up from $88.9 bil­lion at the end of Au­gust 2018. In Au­gust, short-term pre­de­ter­mined net drains of the cen­tral govern­ment and the Cen­tral Bank - for­eign cur­rency loans, se­cu­ri­ties, and for­eign ex­change de­posit ac­counts of res­i­dents abroad within the Bank - dropped by 1.8 per­cent to $16.8 bil­lion, the re­port showed.

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