CBRT's total reserves decreased to 174.4 billion dollars
Money and bank statistics of the Central Bank of the Republic of Turkey for the week of September 18 were announced.
Quick Look
- Total reserves of the Central Bank of the Republic of Turkey decreased by 4 billion 319 million dollars in the week of September 18 compared to the previous week, falling to 174 billion 405 million dollars.
- While there was a decrease in gross foreign exchange reserves, an increase was recorded in gold reserves.
AI-generated summary
Why It Matters
The CBRT shares reserve data with the public by publishing money and bank statistics on a weekly basis.
The Central Bank of the Republic of Türkiye (CBRT) announced weekly money and bank statistics. Accordingly, the Central Bank's total reserves decreased by 4 billion 319 million dollars in the week of September 18 compared to the previous week, decreasing to 174 billion 405 million dollars.
GROSS FOREIGN EXCHANGE RESERVES DECREASED TO 62.8 BILLION DOLLARS
As of September 18, the CBRT's gross foreign exchange reserves decreased by 5 billion 636 million dollars to 62 billion 808 million dollars.
Gross foreign exchange reserves were at the level of 68 billion 444 million dollars on September 11.
GOLD RESERVES INCREASED
During this period, gold reserves increased by 1 billion 317 million dollars.
Gold reserves, which were 110 billion 280 million dollars on September 11, increased to 111 billion 597 million dollars as of September 18.
TOTAL RESERVES DECREASED TO 174.4 BILLION DOLLARS
Thus, the Central Bank's total reserves decreased by 4 billion 319 million dollars in the week of September 18 compared to the previous week.
Total reserves decreased from 178 billion 724 million dollars on September 11 to 174 billion 405 million dollars.
Open Questions
- What is the main reason for the decline in reserves?
- What will the reserve trend be in the coming weeks?
