Turkish Central Bank reserves rise to $75 billion
The bank’s gold reserves inched down to $20.83 billion from $20.99 billion over the same period.
The bank’s reserves stood at $84.7 billion in March 2018 but declined to $71.98 billion at the end of 2018.
“Last year, there was some decline in reserves following the financial market volatilities. However, we have witnessed an uptrend since then. We aim to sustain this trend in a robust manner,” Çetinkaya said.
He suggested that it is normal to observe fluctuations in gross reserves from time to time.
“This is not an extraordinary case. For sounder analyses, reserve developments should be monitored in light of medium-term trends,” Çetinkaya added.