Turkish Central Bank reserves exceed $104B in October


The Turkish Central Bank on Thursday announced its official reserves amounted to $104.6 billion as of the end of October.

Total reserve assets jumped to 3.4% in October, versus the end of September, the bank’s international reserves and foreign currency liquidity report showed.

Foreign currency reserves — in convertible foreign currencies — totaled some $76.5 billion, up 3.8% compared to the previous month.

In October, the bank’s gold reserves — including gold deposits and, if appropriate, gold swapped — also rose 2.7% monthly to $26.6 billion.

In mid-December 2013, its total reserves hit their all-time peak at nearly $136 billion, including some $21 billion in gold reserves.
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