Turkish Central Bank reports a 4% drop in international reserves to $128.5bn in February, with foreign exchange reserves down 8.2% and gold reserves up 2.2%.
Turkiye's official international reserves in February were $128.5bn, a 4% drop from January, according to the Turkish Central Bank. Foreign exchange reserves fell 8.2% to $71.6bn while gold reserves increased 2.2% to $49.4bn. Short-term net drains rose 3.3% to $52.3bn, with $43.6bn in principal repayments and $8.7bn in interest payments. Outstanding liabilities from the bank's swap transactions with banks reached $67.2bn, including $19.4bn due in one month.
March 23, 2024
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