Turkish Central Bank Fortifies Reserves: July Sees 3.5% Boost to $147.9 Billion Turkey’s central bank reported a significant increase in its official reserves, reaching $147.9 billion by the end of July, marking a 3.5% rise from the previous month. This growth was primarily driven by a 7.5% increase in foreign currency reserves, which totaled $83.2 billion. Despite a slight 1.6% decrease in gold reserves to $57.2 billion, the overall increase in reserves demonstrates the bank’s ongoing efforts to strengthen its financial position and stabilize the country’s economy. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Morgan Stanley: Bitcoin Could "De-Dollarize" the World READ MORE Ukrainian Drones Strike Deep into Russia, Hitting Multiple Air Bases READ MORE Central Bank of Ireland Bolsters Economic Security by Doubling Gold Reserves READ MORE Gold plummets to near $2,400 as profit-booking kicks in, US Dollar advances READ MORE First Fed Rate Cut Expected by Economists in June READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment