Turkish Central Bank Reserves Rise To $123.9B In October

Official reserve assets increased 2.2% from previous month.

Official reserve assets of the Turkish Central Bank swelled to $123.9 billion by the end of October, a 2.2% jump from the previous month, according to latest figures released on Friday.
Foreign currency reserves – in convertible foreign currencies – increased 2% month-on-month to $76.4 billion, the bank's international reserves and foreign currency liquidity report showed.
The bank's gold reserves – including gold deposits and, if appropriate, gold swapped – also went up 3% to $39.7 billion.
Short-term predetermined net drains of the central government and the central bank – foreign currency loans, securities, and foreign exchange deposit liabilities – climbed by 3.8% to $25.6 billion, of which $19.9 billion was in principal repayments and $5.7 billion in interest payments.
Outstanding foreign exchange and gold liabilities arising from the bank's financial derivative activities with resident and non-resident banks was $68.3 billion, of which $26.6 billion is due in one month, the report added. -