Turkish Central Bank int’l reserves at $104.8B in November
According to the news of Hürriyet Daily News, the official reserves of the Central Bank of the Republic of Turkey (CBRT) reached $104.8 billion as of the end of November, the bank announced on December.
The November figure showed that total reserve assets rose 0.2 percent from the previous month.
Foreign currency reserves -in convertible foreign currencies- increased 0.4 percent to $76.9 billion during the same period.
Last month, the bank’s gold reserves- including gold deposits and, if appropriate, gold swapped- dropped 0.3 percent month-on-month to $26.5 billion.
On an annual basis, the CBRT’s official reserves jumped 15 percent, up from $91 billion at the end of November 2018.
Liability side
Short-term predetermined net drains of the central government and CBRT — foreign currency loans, securities, and foreign exchange deposit accounts of residents abroad within the bank — posted a 8.9 percent monthly decrease in November, reaching $15.2 billion, the bank said.
“Of this amount, $10.4 billion were in principal repayments and $4.8 billion in interest repayments,” the bank said.
The CBRT also said the contingent short-term net drains on foreign currency amounted to $35.3 billion last month, down 3.3 percent from end-October.
Source: Hürriyet Daily News / link: http://www.hurriyetdailynews.com/turkish-central-bank-intl-reserves-at-104-8b-in-november-150345
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