Turkey: Central Bank reserves at $95.3B in February

Foreign currency reserves rise 2.1% on monthly basis to $53B in February, according to official data

By Gokhan Ergocun

ISTANBUL (AA) – The Turkish Central Bank’s reserves amounted to $95.3 billion at the end of February, the bank announced on Friday.

Total reserve assets posted a slight monthly decline of 0.4%, according to the bank’s international reserves and foreign currency liquidity report.

Foreign currency reserves – in convertible foreign currencies – totaled $53 billion, up 2.1% on a monthly basis.

Last month, the bank’s gold reserves – including gold deposits and, if appropriate, gold swapped – dropped 3.4% from January to $40.7 billion.

The bank’s reserves stood at $107.7 billion at the end of February 2020.

Kaynak:

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