Turkey's Central Bank Reserves Climb to $171.5 Billion
The Central Bank of the Republic of Turkey said gross reserves climbed to $171.5 billion. The data show foreign-exchange and gold holdings continuing to expand. The reserve level is being read as a key anchor for the disinflation programme.
According to weekly data from the Central Bank of the Republic of Turkey, gross international reserves rose to $171.5 billion. The figures show continued accumulation in both foreign-exchange and gold holdings, with gold posting the largest weekly increase.
With monetary policy still aligned with the disinflation target, FX reserves are working as a credibility anchor for tighter policy. Officials said net reserves excluding swap lines have also moved into positive territory. The development is being closely watched as a steer by foreign investors weighing exposure to lira-denominated assets.
The economic team said it expects reserve accumulation to continue in the coming period. An improving current-account balance and resilient tourism revenues are highlighted as the main drivers supporting the reserve outlook.
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