The Central Bank of the Republic of Türkiye’s (CBRT) total reserves increased to $193.872 billion in the week ending December 26, marking a $1.56 billion rise compared to the previous week, official data showed.

According to the CBRT’s weekly monetary and banking statistics, the overall increase in reserves was driven primarily by a sharp rise in gold holdings, despite a decline in foreign exchange reserves.

Gross foreign exchange reserves fell by $2.432 billion during the same period, dropping to $76.978 billion from $79.410 billion recorded on December 19. The decrease reflects ongoing fluctuations in foreign currency assets amid market conditions and external financing movements.

In contrast, Türkiye’s gold reserves posted a notable increase, rising by $3.991 billion to $116.894 billion, up from $112.903 billion a week earlier. The surge in gold reserves more than offset the decline in foreign exchange holdings, resulting in an overall increase in total reserves.

With these developments, the CBRT’s total reserves climbed from $192.312 billion to $193.872 billion, reinforcing the central bank’s reserve position toward the end of the year. (ILKHA)