Turkish central bank reports increase in gross foreign exchange and gold reserves
The Central Bank of the Republic of Türkiye (CBRT) saw its total reserves climb by 187 million USD to reach 139.8 billion USD as of January 12th, after a week of mixed signals.
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The increase was driven primarily by a rise in gold reserves, which jumped 172 million USD to 47.81 billion USD. Gross foreign exchange reserves also ticked up slightly, gaining 17 million USD to reach 91.99 billion USD.
The uptick in the CBRT's reserves, particularly in gold, is a positive sign for Turkish financial stability. However, the ongoing fluctuations continue to raise concerns about economic uncertainty.
The continued monitoring of reserve levels and their underlying factors will be crucial in assessing the health of the Turkish economy. (ILKHA)
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