Turkish central bank’s gross reserves hit record high of $174.4 B
Foreign currency and gold reserves rise, pushing Türkiye’s total gross reserves to an unprecedented level
ISTANBUL, Türkiye (MNTV) — The Central Bank of the Republic of Türkiye (CBRT) reported that its total gross reserves climbed to an all-time high of $174.4 billion, surpassing the previous peak set earlier this year.
According to the bank’s weekly report, the figure marks a 3.2% increase, or $5.38 billion, from $168.99 billion the week before. The earlier record was registered in February, when reserves stood at $173.2 billion.
Foreign currency reserves rose 3.4% over the week to $79.9 billion, while gold reserves — including deposits and gold swaps — increased by 3.2% to reach $86.8 billion.
Net reserves grew from $63.2 billion to $67.6 billion during the same period, with net reserves excluding swaps improving from $45.6 billion to $49.6 billion.
Economists noted that record-high reserves strengthen Türkiye’s ability to withstand external shocks, stabilize the national currency, and improve investor confidence.
Higher reserves also provide greater capacity for debt repayment, import financing, and maintaining market stability in the face of global economic fluctuations.
Have Your Say!
Have you been affected by the issues raised in this story? Please share your experiences by emailing haveyoursay@soundvision.com.
Please include a contact number if you are willing to speak to a Muslim Network TV’s representative. You can also get in touch in the following ways:
Tweet: @MuslimNetworkTV
We must take charge of our narrative. Research indicates that 92% of their Muslim coverage is negative. Help us change that.
