Türkiye's central bank reserves see sharp $6.8 billion weekly decline
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Güneşli
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Güneşli
The Central Bank of the Republic of Türkiye (CBRT) reported a significant weekly drop in its international reserves, according to data released on Thursday.
The bank's latest weekly balance sheet revealed a substantial drawdown, with total net international reserves falling by $6.801 billion. The figure declined from $187.432 billion the previous week to $180.631 billion.
The decrease was observed across both major reserve asset categories. Gold reserves, a key component of the CBRT's holdings, fell by $2.997 billion, dropping from $107.389 billion to $104.392 billion.
Meanwhile, the nation's foreign currency reserves experienced an even steeper proportional decline, falling by $3.804 billion. The foreign exchange reserves now stand at $76.239 billion, down from $80.043 billion a week earlier.
The notable weekly decline in reserves will likely be closely analyzed by market observers and economists, as central bank reserves are a critical indicator of a country's financial stability and its ability to respond to external economic shocks. (ILKHA)
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