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Turkish Central Bank reserves rise to $101.3B in July

Turkish Central Bank reserves rise to $101.3B in July
Bank's reserve assets increase 3% month-on-month

By Tuba Sahin

ANKARA (AA) - Reserves of the Turkish Central Bank rose to $101.3 billion as of the end of July, the bank announced on Thursday.

The reserve assets recovered 3% from a month ago, the latest data showed.

Foreign currency reserves – in convertible foreign currencies – jumped 8% month-on-month to $53.7 billion in July.

The bank's gold reserves – including gold deposits and, if appropriate, gold swapped –fell 2.4% from June to $40.2 billion.

On an annual basis, the official reserve assets were down from $105.8 billion.

source: News Feed
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