Türkiye's Central Bank reserves at 9-year high

By Tuba Ongun and Murat Aslan

The Turkish Central Bank's official reserve assets surged to a 9-year high as of Nov. 17, according to the weekly figures released on Thursday.

The reserve assets rose to $134.5 billion last week from $128.6 billion in the prior week, said the bank’s international reserves and foreign currency liquidity report.

Foreign currency reserves – in convertible foreign currencies – hit $89.2 billion as of last Friday, up from $84.6 a week earlier.

The bank's gold reserves – including gold deposits and, if appropriate, gold-swapped – increased to $45.2 billion, from $44 billion on Nov. 10.