Türkiye's central bank reserves are projected to have increased last week to their highest level in five months, bringing the rebound since late June to nearly $40 billion, according to calculations.
The total reserves of the Central Bank of the Republic of Türkiye (CBRT) rose by an estimated $5.3 billion in the week ending Aug. 21, reaching $188.8 billion, calculations by Matriks Haber showed.
Total reserves stood at $183.5 billion in the previous week. The latest increase extends the recovery that began after reserves fell to a roughly six-month low in late June.
Reserves had dropped to $149.2 billion in the week ending June 26, before recovering to $164.4 billion by the end of July. The pace of the rebound accelerated in August, with reserves rising to $178.4 billion on Aug. 7 and $183.5 billion a week later.
The latest increase would bring total reserves to their highest level since the week ended March 13.
The estimated figures show that reserves have increased by about $39.6 billion from their June 26 low.
The recovery has been particularly strong over the past four weeks, with reserves gaining about $10.4 billion between July 31 and Aug. 21.
CBRT total reserves had reached a record $218.2 billion in late January.
The figures for the last week are scheduled to be published Thursday.
