The Turkish central bank’s total reserves increased slightly to hit a new record level as of last week, official data showed Thursday.
The bank’s reserves totaled $153.9 billion (TL 5.2 trillion), the figures shared by the Central Bank of the Republic of Türkiye (CBRT) showed, compared to $153.8 billion a week earlier.
The latest increase marked the continuation of a positive trend for the monetary authority that has been observed since the local elections in March.
Accordingly, as of July 19, the central bank’s gross foreign exchange reserves rose by $350 million, from $94.35 billion to $94.7 billion, the data showed.
Gold reserves, meanwhile, totaled $59.2 billion, down from $59.4 billion.
