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 Eastern Gold Rush: How Chinese Traders Are Reshaping the Global Bullion Market READ MORE Post-Biden Exit: Markets Seek Direction from Earnings and Economic Indicators READ MORE Russia Leads BRICS in Doubling Down on Gold to Dethrone the Dollar READ MORE Silver vs Fiat: The Fall of Minimum Wage in Real Terms | Mike Maloney READ MORE Investors Eye Fed's Next Moves as Gold Prices Soar to New Heights READ MORE Add a Comment Cancel replyYour email address will not be published.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