Turkish central bank's total reserves edge up to hit new record
The entrance sign of the building housing the Turkish central bank, Ankara, Türkiye, Sept. 24, 2022. (Reuters Photo)


The Turkish central bank's total reserves increased slightly to hit a new record level as of last week, official data showed Thursday.

The bank's reserves totaled $153.9 billion (TL 5.2 trillion), the figures shared by the Central Bank of the Republic of Türkiye (CBRT) showed, compared to $153.8 billion a week earlier.

The latest increase marked the continuation of a positive trend for the monetary authority that has been observed since the local elections in March.

Accordingly, as of July 19, the central bank's gross foreign exchange reserves rose by $350 million, from $94.35 billion to $94.7 billion, the data showed.

Gold reserves, meanwhile, totaled $59.2 billion, down from $59.4 billion.