Türkiye's Central Bank reserves continue to improve, approaching $154 billion

The Central Bank of the Republic of Türkiye (CBRT) has seen a significant improvement in its reserves, with total reserves nearing $154 billion.

Ekleme: 17.07.2024 17:35:47 / Güncelleme: 17.07.2024 17:35:47 / English News / Ankara Haberleri
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More significantly, net reserves, excluding swaps, have surged by $4 billion in the past week, reaching $22 billion.

This marks a substantial increase of around $87 billion since the local elections three months ago.

Bankers estimate that total foreign exchange reserves grew by roughly $5.5 billion in the week ending July 12.

This upward trend highlights the ongoing recovery and strengthening of Turkey's financial position. (ILKHA)