Turkish Central Bank reserves reach $99.4B in July

Foreign currency reserves amount to $74.4B, gold reserves at $23.5B, official data show

By Gokhan Ergocun

ISTANBUL (AA) - The Turkish Central Bank on Wednesday announced its official reserves amounted to $99.4 billion as of the end of July 2019.

Total reserve assets jumped 3.1% in July, versus $96.3 billion at the end of June, the bank's international reserves and foreign currency liquidity report showed.

Foreign currency reserves -- in convertible foreign currencies -- totaled some $74.4 billion, up 3.3% compared to the previous month.

In July, the bank's gold reserves -- including gold deposits and, if appropriate, gold swapped -- also rose by 2.8% on a monthly basis to $23.5 billion.

Meanwhile, the bank’s official reserves decreased slightly by 1.3% year-on-year, down from $100.7 billion at the end of July 2018.

In mid-December 2013, its total reserves hit their all-time peak at nearly $136 billion, including some $21 billion in gold reserves.

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