Huge loss in the Central Bank's coffers: 4 billion dollars melted in one week!

There was a significant decline in the reserves of the Central Bank of the Republic of Turkey (CBRT) in the last week of October. With the decrease observed in both foreign currency and gold accounts, there was an outflow of more than 4 billion dollars from the Center's total reserves in a week.

According to the weekly money and bank statistics published by the CBRT, the latest situation in reserves was as follows:

Loss of 2.9 Billion Dollars in Foreign Exchange Reserves:

Gross foreign exchange reserves, which were at 59 billion 45 million dollars on October 23, decreased by 2 billion 955 million dollars as of the week of October 30, falling to 56 billion 90 million dollars.

Gold Reserves in Decline:

During the same period, gold reserves also melted. Gold reserves, which were 103 billion 146 million dollars the previous week, decreased by 1 billion 129 million dollars to 102 billion 17 million dollars.