Reserves at Turkish Central Bank reach highest level in 2024

By Tuba Ongun

ANKARA (AA) — The Turkish Central Bank's official reserve assets hit their highest level this year as of May 24, according to weekly figures released on Thursday.

Gross reserves totaled $142.2 billion last Friday, rising from $139.1 billion in the previous week, the bank's international reserves and foreign currency liquidity report showed.

Foreign currency reserves — in convertible foreign currencies — amounted to 82.8$ billion as of the end of last week, up from $78.6 billion in the prior week.

The bank's gold reserves — including gold deposits and, if appropriate, gold-swapped — on May 24 dropped to $59.5 billion from $60.6 billion on May 17.