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 BRICS: Scotiabank Says US Dollar To Fall in 2024 READ MORE Thursday's PCE Price Index Release to Shine a Spotlight on Inflation Trends READ MORE ECB Lowers Rates for First Time Since 2019 Amid Inflation Concerns READ MORE Gold Prices Soar to Unprecedented Heights Amid Anticipation of Fed Rate Cuts READ MORE Powell Cautious on Rate Cuts, Sees Longer Path to Inflation Target READ MORE Add a Comment Cancel replyYour email address will not be published.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