Turkish Central Bank’s International Reserves Soar to Historic USD183B
(MENAFN) The Turkish Central Bank’s official international reserves soared to a historic high of $183 billion as of September 26, marking a significant milestone, according to figures released on Thursday. This latest data underscores a continued strengthening of Türkiye’s financial buffers amid a volatile global economic landscape.
The reserves expanded by 2.3%, equivalent to a $4.1 billion increase from the previous week’s total of $178.85 billion, the central bank said in its report. This growth highlights a steady inflow of assets that bolster the country’s external financial position.
Breaking down the components, foreign currency reserves—which include holdings in convertible foreign currencies—increased by 2.1%, rising to $79 billion compared to the week prior. This gain reflects Türkiye’s enhanced liquidity in widely accepted global currencies.
Meanwhile, the bank’s gold reserves showed an even sharper rise, climbing 2.7% to reach $96.3 billion. This figure encompasses gold deposits and gold-swapped assets, which remain a critical element of Türkiye’s reserve portfolio.
In contrast, the country’s total International Monetary Fund (IMF) reserve position and special drawing rights experienced a slight decline of 0.4%, falling to $7.7 billion.
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