CENTRAL BANK’S NET RESERVES FALL TO USD 11.1BN

The Central Bank’s net international reserves declined by USD 290.7m to an all-time low of USD 11.12bn as of January 22, according to the Bank’s weekly money and banking statistics. The bank’s gross foreign exchange (FX) reserves, meanwhile, increased by USD 2.6bn to USD 50.5bn from USD 47.9bn in the third week of the year, compared to the previous week. The bank’s gross reserves reached their highest level of USD 115.14bn on December 13, 2013. The Bank’s gold reserves increased to USD 42.8bn from USD 42.1bn in the third week of 2021 compared to the previous week. Thus, the Central Bank’s total reserves rose to USD 93.3bn from USD 90.8bn in this period.