Turkish central bank reserves rise by $2.5 billion to $160.4 billion
13 oC
13 oC
Güneşli
13 oC
Güneşli
The Central Bank of the Republic of Türkiye (CBRT) reported a significant increase in its total reserves, which rose by USD 2.5 billion to reach USD 160.4 billion as of January 10, 2025.
According to the money and banking statistics released for the week of January 10, the Central Bank’s total reserves climbed by USD 2.514 billion in just one week, bringing the total to USD 160.447 billion.
The CBRT’s gross foreign exchange reserves saw a substantial increase of USD 1.838 billion, rising from USD 92.588 billion in the previous week to USD 94.426 billion as of January 10.
Gold reserves also experienced growth, increasing by USD 676 million. This brought the total gold reserves from USD 65.345 billion to USD 66.021 billion.
Overall, the total reserves grew significantly from USD 157.933 billion in the prior week to USD 160.447 billion, reflecting a robust performance in reserve accumulation.
The latest data underscores the Central Bank’s strengthened financial position as it continues to manage its monetary and banking policies effectively. (ILKHA)
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