Central Bank reserves continue to decline

The total reserves of the Central Bank of the Republic of Turkey (TCMB) decreased by 386 million dollars in the week of March 8 compared to the previous week, falling to 130 billion 533 million dollars.

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Central Bank reserves continue to decline

The Central Bank of the Republic of Turkey (TCMB) has released its weekly money and banking statistics.

Accordingly, as of March 8, the Central Bank's gross foreign exchange reserves fell by 2 billion 726 million dollars to 77 billion 785 million dollars. Gross foreign exchange reserves stood at 80 billion 511 million dollars on March 1.

During this period, gold reserves increased by 2 billion 340 million dollars, rising from 50 billion 408 million dollars to 52 billion 748 million dollars.

The Central Bank's total reserves decreased by 386 million dollars in the week of March 8 compared to the previous week, falling from 130 billion 919 million dollars to 130 billion 533 million dollars.

TCMB reserves by date are as follows (million dollars):

Date	Gold Reserves	Gross Foreign Exchange Reserves	Total Reserves
27.01.2023	50.933	76.206	127.139
24.02.2023	49.190	71.980	121.170
31.03.2023	52.176	70.247	122.423
28.04.2023	46.413	68.471	114.884
26.05.2023	41.939	56.519	98.458
27.06.2023	41.432	67.155	108.587
28.07.2023	41.425	72.349	113.774
25.08.2023	41.344	75.955	117.299
29.09.2023	40.629	81.575	122.203
27.10.2023	44.148	82.412	126.560
24.11.2023	45.496	90.997	136.493
22.12.2023	47.896	97.557	145.453
29.12.2023	48.231	92.830	141.061
26.01.2024	48.007	89.154	137.161
02.02.2024	48.905	86.538	135.444
09.02.2024	48.561	86.366	134.927
16.02.2024	48.116	86.092	134.208
23.02.2024	49.271	82.479	131.750
01.03.2024	50.408	80.511	130.919
08.03.2024	52.748	77.785	130.533

News Source: AA

Central Bank reserves continue to decline

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