Limited decrease in Central Bank reserves

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Lerato Khumalo

Total reserves of the Central Bank of the Republic of Turkey (CBRT) decreased by 45 million dollars in the week of November 22 compared to the previous week, falling to 156 billion 639 million dollars.

CBRT announced weekly money and bank statistics.

Accordingly, as of November 22, the Central Bank’s gross foreign exchange reserves decreased by 3 billion 355 million dollars to 90 billion 735 million dollars. Gross foreign exchange reserves were at the level of 94 billion 90 million dollars on November 15.

During this period, gold reserves increased by 3 billion 310 million dollars, from 62 billion 594 million dollars to 65 billion 904 million dollars.

Thus, the total reserves of the Central Bank decreased by 45 million dollars in the week of November 22 compared to the previous week, from 156 billion 684 million dollars to 156 billion 639 million dollars.