Turkish Central Bank reserves up over 3% in May
Official reserves reach $95.6 billion last month, according to Turkey's Central Bank
By Tuba Sahin
ANKARA (AA) - Turkey's Central Bank official reserves totaled $95.6 billion in May, up 3.1% from the previous month, the bank announced on Friday.
Foreign currency reserves rose 4% month-on-month to $73.6 billion in May in convertible foreign currencies, the bank said in a statement.
The bank's gold reserves were flat compared to the previous month at $20.5 billion including gold deposits and, if appropriate, gold swapped.
On a yearly basis, the official reserves of the bank fell 11%, while the figure was $107.3 billion in May last year.
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