CBRT reserves fall to four-month low
The Central Bank of the Republic of Türkiye's (CBRT) gross reserves declined by $6.9 billion to $162.2 billion in the week ending October 23.
This marked the lowest level of total gross reserves since the week of July 10. Reserves stood at $169.1 billion in the previous week, bringing the cumulative decline over the past two weeks to $9.4 billion.
The central bank's net reserves also fell by $8.7 billion during the same period, reaching $42.9 billion. Net reserves excluding swaps declined by $8.6 billion week over week to $30.8 billion. Over the past two weeks, the total reduction in net reserves excluding swaps reached $13.5 billion. The latest figures reveal a significant decline in both gross and net reserves held by the CBRT.
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