Central bank reserves fall to $130.5B in weekly update

CBRT’s total reserves fell to $130.5 billion as of March 8, with a decrease of $386 million compared to the previous week, according to the weekly monetary and banking statistics released

The Central Bank of Türkiye’s (CBRT) total reserves declined by $386 million to $130.533 billion in the week ending March 8, according to the bank’s weekly monetary and banking statistics.

According to the data, this decrease was driven by a sharper decline in foreign exchange reserves, which fell by $2.73 billion to $77.79 billion compared to $80.51 billion on March 1.

In contrast, gold reserves rose by $2.34 billion to $52.75 billion from $50.4 billion.

Source: Newsroom