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.
Latest News:
The post-earthquake needs analysis
What matters on Wednesday, March 22
World automotive sector influenced by semiconductors (chip sector) demand
The highest monthly CAD in the history of the republic
What matters on Tuesday, March 21
What matters on Monday, March 20
Dollar lost its savings instrument edge
Quake-hit cities to get investment support
15% of earthquake victim voters migrated
What matters on Tuesday, March 14
A law specific to Istanbul is a must: Mayor of Istanbul
Share of compensation of employees in the GVA hits a 25-year low
Hunger limit doesn’t fit in wallets; new banknote is needed
Opposition bloc eyes deal to reunite, elevate popular mayors
Central Bank and SFD ink USD 5bn deposit deal
What matters on Monday, March 6
A big slowdown in the rate of interest reduction!
Economy expands by 5.6% in 2022
Mortality statistics rise by tenfold due to COVID-19

Leave a Reply