Central Bank reserves reach $96.3B in June

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The official reserves of the Central Bank of Turkey (CBRT) totaled $96.3 billion as of the end of June, the bank reported on July 26.

Last month, total reserve assets posted a 0.7% hike, up from $95.6 billion at the end of May.

Foreign currency reserves amounted to nearly $72 billion in convertible foreign currencies, falling 2.2% over the same period.

Gold reserves surged 11.4% to $22.8 billion including gold deposits and, if appropriate, goldswapped.

On a yearly basis, official reserves of the CBRT dropped 2.3%, as the amount was $98.4 billion at the end of June 2018.

In mid-December 2013, the bank’s total reserves hit all-time peak at nearly $136 billion, including some $21 billion in gold reserves.

Hurriyet Daily News

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