Türkiye’s international reserves hit all-time high

By Mucahithan Avcioglu

ISTANBUL (AA) - The Turkish Central Bank's official international reserves hit an all-time high of $173.2 billion as of Feb. 14, according to official figures released on Thursday.

The reserves rose 3.4%, or $5.6 billion from the previous week's $167.49 billion, Türkiye's Central Bank said.

Foreign currency reserves — in convertible foreign currencies — increased 4.2% to $93.3 billion compared to the previous week.

The bank's gold reserves — including gold deposits and, if appropriate, gold-swapped —were up by 2.7% to $72.5 billion in the same period.

The total of the IMF reserve position and special drawing rights (SDRs) also slightly increased by 0.1% to reach $7.4B as of Feb. 14.