The Central Bank of the Republic of Türkiye (CBRT) reported a significant increase in its foreign exchange reserves for the latest reporting period, continuing a trend of bolstering its financial buffers.

According to official data released by the bank, the CBRT's total net international reserves rose by $1.449 billion, climbing from $183.598 billion to $185.047 billion.

A detailed breakdown of the reserves reveals a mixed performance across different asset classes. The key driver of the overall increase was a substantial rise in foreign currency reserves, which jumped by $1.603 billion, from $80.383 billion to $81.986 billion.

In contrast, the bank's gold reserves saw a minor decline, dipping by $154 million. The value of the gold holdings decreased from $103.215 billion to $103.061 billion.

The steady accumulation of foreign exchange reserves is a key indicator monitored by investors and credit rating agencies, reflecting the central bank's capacity to support the currency and meet external obligations. This latest increase will be viewed as a positive step in strengthening Türkiye's economic stability. (ILKHA)