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 Ray Dalio Warns of Possible U.S. Civil War Amid Political Fracturing READ MORE The Road to $3,000 Gold: Citi Analysts Eye Central Bank Moves and Global Economic Trends READ MORE Stocks Rise; Key Economic Updates and Corporate Earnings on the Horizon READ MORE Copper Prices Stabilize After Sharp Decline Amid Inflation Concerns READ MORE Teen Workforce Grows as Inflation Pressures Family Budgets READ MORE Add a Comment Cancel replyYour email address will not be published.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