Turkish Central Bank's Reserves Hit Record High in 2023

Turkish Central Bank's Reserves Hit Record High in November

The achievements of the Turkish economy are showcased as the total reserves of the Central Bank soar to unprecedented levels in November, reaching $136.5 billion, marking a historic high.

Notable Increase:

According to data released by the Turkish Central Bank on Thursday, the total foreign exchange reserves at the bank increased by $1.771 billion, reaching $90.997 billion during the current month.

Surge in Gold Reserves:

In a related development, the total gold reserves increased by $225 million, amounting to $45.496 billion, enhancing diversity in the reserves.

Positive Developments:

The record-breaking figures for total reserves demonstrate significant progress, with a cumulative increase of $38.035 billion since last May, now standing at the new record high of $136.493 billion.

These developments continue to strengthen the stability of the Turkish economy, reflecting its effective control over financial situations.

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