Reserves at the Central Bank of Turkey Decline 4.9% MoM in September 2020
October 28, 2020 | Updated at October 28, 2020
Email The Central Bank of the Republic of Turkey (Central Bank) reported a 4.9% month-on-month (MoM) decrease in international reserves held, totalling USD 79.7 billion at the end of September 2020.
A statement issued by the Central Bank showed a 6.3% MoM decline in foreign currency reserves in September 2020, whilst gold reserves fell 3.7% MoM in the same month. The former was reported at USD 36.3 billion with the latter at USD 41.8 billion, at the end of September 2020.
Pre-determined, short-term net drains of the Central Government of Turkey and the Central Bank increased 0.3% MoM to USD 25.7 billion of which USD 5.1 billion comprised interest repayments, the remainder being principal...
