CBRT announced weekly reserve data: Decrease in total reserves
Quick Look
- The Central Bank of the Republic of Turkey (CBRT) published money and bank statistics for the week of September 11.
- According to the data, total reserves decreased by 5 billion 523 million dollars compared to the previous week, falling to 178 billion 724 million dollars.
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Why It Matters
CBRT shares money and bank statistics with the public regularly every week.
CBRT announced weekly money and bank statistics.
Accordingly, as of September 11, the Central Bank's gross foreign exchange reserves decreased by 1 billion 962 million dollars to 68 billion 444 million dollars. Gross foreign exchange reserves were at the level of 70 billion 406 million dollars on September 4.
During this period, gold reserves decreased by 3 billion 561 million dollars, from 113 billion 841 million dollars to 110 billion 280 million dollars.
Thus, the total reserves of the Central Bank decreased by 5 billion 523 million dollars in the week of September 11 compared to the previous week, from 184 billion 247 million dollars to 178 billion 724 million dollars.
CBRT reserves as of January 2024 (million dollars):
Open Questions
- What is the main reason for the decrease in reserves?
- What will the reserve trend be in the coming weeks?
