Türkiye’s official international reserves have climbed to a new record level of $189.7 billion as of October 10, according to data released Thursday by the Central Bank of the Republic of Türkiye (CBRT).

The latest figures show a 1.9% weekly increase, equivalent to $3.5 billion, up from $186.2 billion recorded a week earlier. This marks the third consecutive record and the fifth record high in the past two months, underscoring the steady strengthening of the country’s financial buffers.c

Breaking down the total, foreign currency reserves — held in convertible currencies — rose 0.5%, reaching $79.6 billion compared to the previous week.

Meanwhile, gold reserves — including gold deposits and gold swaps — posted a stronger rise of 3.2%, climbing to $102.4 billion.

However, the total IMF reserve position and Special Drawing Rights (SDRs) slightly decreased by 0.7%, settling at $7.7 billion.

Economists note that the continued increase in reserves reflects robust foreign capital inflows, improved export earnings, and rebounding investor confidence in Türkiye’s economy. The CBRT’s recent efforts to diversify reserve composition and stabilize the Turkish lira have also been cited as contributing factors.

The latest record places Türkiye’s reserve holdings among the strongest in its history, reinforcing the Central Bank’s ability to manage external shocks, support exchange rate stability, and meet short-term external obligations with greater resilience. (ILKHA)