Turkish Central Bank Reserves Hit 95.7$B In January
Foreign currency reserves stand at $51.9B, gold reserves total $42.2B, official data shows. The Turkish Central Bank s reserves amounted to $95.7 billion at the end of January 2020, the bank announced on Friday.
According to the bank s international reserves and foreign currency liquidity report, total reserve assets rose 2.6% in January from the end of December.
Foreign currency reserves in convertible foreign currencies totaled $51.9 billion, up 7.2% compared to the previous month.
In January, the bank s gold reserves decreased 2.5% on a monthly basis to $42.2 billion.
Short-term predetermined net drains of the government and the central bank, including foreign currency loans, securities, and foreign exchange deposit liabilities, remained unchanged at $28.2 billion, the report said.