The increase in TCMB reserves continues

TCMB

The gross reserves of the Central Bank of the Republic of Turkey (CBRT) reached $128.4 billion, showing an increase of $1.8 billion in the week of November 3.

The recovery in the foreign exchange reserves of the Central Bank of the Republic of Turkey (CBRT) continues. According to CBRT data, gross reserves reached $128.4 billion in the week of November 3. The previous week, gross reserves were recorded at $126.6 billion.

However, there was a slight decline in net reserves. In the week of November 3, net reserves decreased from $25.1 billion to $24.7 billion.

Excluding swaps, there was a recovery in net reserves. The CBRT’s net reserves excluding swaps were -$55.4 billion last week. The previous week, this data stood at -$56.4 billion.

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