gold reserves – Muhasebe News https://www.muhasebenews.com Muhasebe News Wed, 29 Apr 2020 08:56:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 Foreign currency reserves in Turkey decreased by 21.9 percent to USD 59.2 billion https://www.muhasebenews.com/en/foreign-currency-reserves-in-turkey-decreased-by-21-9-percent-to-usd-59-2-billion/ https://www.muhasebenews.com/en/foreign-currency-reserves-in-turkey-decreased-by-21-9-percent-to-usd-59-2-billion/#respond Wed, 29 Apr 2020 10:00:34 +0000 https://www.muhasebenews.com/?p=83460 CBRT – International Reserves/Foreign Currency Liquidity Developments – March 2020
  • Official Reserve Assets recorded USD 92.1 billion indicating 14.5 percent decrease compared to the previous month. As regards to sub-items, foreign currency reserves decreased by 21.9 percent to USD 59.2 billion, while gold reserves increased by 3.3 percent to USD 31.4 billion.
  • Short term predetermined net drains of the Central Government and the CBRT (foreign currency loans, securities, FX deposit liabilities) increased by 23.4 percent to USD 22.4 billion, of which USD 17.4 billion in principal repayments and USD 5 billion in interest payments. Additionally, outstanding FX and gold liabilities arising from the CBRT’s financial derivative activities with resident and non-resident banks recorded USD 30.9 billion, of which USD 16.3 billion is due in one month.
  • Contingent short-term net drains on foreign currency consists of “collateral guarantees on debt due within one year” and “other contingent liabilities (“Banking Sector’s Required Reserves in Blocked Accounts in Foreign Currency and Gold” and “Letters of Credit” items in the CBRT’s balance sheet). These liabilities recorded USD 32.7 billion decreasing by 11.1 percent compared to the previous month.

Source: Central Bank of Republic of Turkey
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]]> https://www.muhasebenews.com/en/foreign-currency-reserves-in-turkey-decreased-by-21-9-percent-to-usd-59-2-billion/feed/ 0 Foreign currency reserves in Turkey decreased by 4.7 percent, while gold reserves increased by 2.4 percent https://www.muhasebenews.com/en/foreign-currency-reserves-in-turkey-decreased-by-4-7-percent-while-gold-reserves-increased-by-2-4-percent/ https://www.muhasebenews.com/en/foreign-currency-reserves-in-turkey-decreased-by-4-7-percent-while-gold-reserves-increased-by-2-4-percent/#respond Fri, 28 Feb 2020 09:00:36 +0000 https://www.muhasebenews.com/?p=78630 Foreign currency reserves in Turkey decreased by 4.7 percent, while gold reserves increased by 2.4 percent

According to the news published by Central Bank of Republic of Turkey, official Reserve Assets recorded USD 102.5 billion indicating 2.9 percent decrease compared to the previous month. As regards to sub-items, foreign currency reserves decreased by 4.7 percent to USD 73.5 billion, while gold reserves increased by 2.4 percent to USD 27.5 billion.

Short term predetermined net drains of the Central Government and the CBRT (foreign currency loans, securities, FX deposit liabilities) increased by 6.4 percent to USD 17.1 billion on net basis, of which USD 12.3 billion in principal repayments and USD 4.8 billion in interest repayments. Additionally, outstanding FX and gold liabilities arising from the CBRT’s financial derivative activities with resident and non-resident banks indicated USD 19.8 billion, of which USD 10.8 billion is due in one month.

Contingent short-term net drains on foreign currency consists of “collateral guarantees on debt due within one year” and “other contingent liabilities (“Banking Sector’s Required Reserves in Blocked Accounts in Foreign Currency and Gold” and “Letters of Credit” items in the CBRT’s balance sheet). These liabilities increased by 3.8 percent to USD 35.9 billion compared to the previous month.

Source: Central Bank of Republic of Turkey / link: https://www.tcmb.gov.tr/wps/wcm/connect/en/tcmb+en/main+menu/statistics/balance+of+payments+and+related+statistics/international+reserves-foreign+currency+liquidity
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

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