Turkish Central Bank reserves at $107B in September

Turkish Central Bank reserves at $107B in September

Reserve assets down by 3.8% from previous month

By Gokhan Ergocun

ISTANBUL (AA) – The Turkish Central Bank's official reserves reached $107 billion as of the end of September, according to official data released Thursday.

The reserve assets went down by 3.8% from the previous month, bank data showed.

Foreign currency reserves – in convertible foreign currencies – decreased by 4.5% on a monthly basis to $60.9 billion in September.

The bank's gold reserves – including gold deposits and, if appropriate, gold-swapped – were down by 3% to $39 billion.

In September 2021, the official reserve assets stood at $121.25 billion.

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