The Turkish Central Bank’s reserves amounted to $79.7 billion at the end of September, the bank announced on Tuesday.
Total reserve assets fell 4.9% in September from the end of August, according to the bank’s international reserves and foreign currency liquidity report.
GOLD RESERVES FELL 3.7 PERCENT ON A MONTHLY BASIS
Foreign currency reserves — in convertible foreign currencies — totaled $36.3 billion, down 6.3% compared to the previous month.
Short-term predetermined net drains of the government and the central bank, including foreign currency loans, securities, and foreign exchange deposit liabilities, increased by 0.3% to $25.7 billion, read the report.
Of these, $20.6 billion were in principal repayments and $5.1 billion in interest payments, it said.
Additionally, outstanding foreign exchange and gold liabilities arising from the bank’s financial derivative activities with resident and non-resident banks stood at $62.9 billion, of which $19 billion is due in one month, the report said.
