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Turkish Central Bank reserves rise to all-time high of $136.5B

1 December 2023 08:00 (UTC+04:00)
Turkish Central Bank reserves rise to all-time high of $136.5B

Türkiye's Central Bank on Thursday announced record-high gross reserves of $136.49 billion as of the end of last week, Azernews reports, citing Anadolu Agency.

According to the bank's weekly figures, gross reserves surged $2.02 billion on a weekly basis as of Nov. 24.

Foreign currency reserves totaled $90.99 billion after an increase of $1.77 billion over the same period, while gold reserves amounted to $45.24 billion, up $225 million.

Since May, total gross reserves climbed $38.35 billion, or 38.6%.

This was also the 15th weekly increase in a row in gross reserves, now at a record level since 1987, when the data collection began.

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