Turkish Central Bank reserves stand at $105.8B in July

By Tuba Sahin

ANKARA (AA) - The Turkish Central Bank’s total reserves stood at $105.8 billion as of July 31, the bank announced on Friday.

Official reserve assets jumped 8.3% compared to $97.7 billion as of end-June, according to the bank's international reserves and foreign currency liquidity report.

In July, foreign currency reserves – in convertible foreign currencies – rose to $62.6 billion, a monthly rise of 12.6%.

As another sub-item of official reserve assets, gold reserves – including gold deposits and, if appropriate, gold swapped – climbed 2.6% last month from the previous month to reach $41.6 billion.