Central Bank reserves fall by $1 billion

Central Bank reserves fall by $1 billion

SAKARYA - Anatolia News Agency
Gross foreign exchange reserves of the Turkish Central Bank decreased to $79.1 billion as of April 6, the bank said yesterday. The gross foreign exchange reserves were $80.1 billion on March 30.

The bank said that total reserves were down to $90.3 billion from $91.3 billion.

Gold constituted $11.1 billion of the total reserves.

Turkey repaid $213.8 million USD in foreign debt between April 1 and 12, the Central Bank also said yesterday.

According to the weekly data, total debt repaid by the Turkish Treasury alone was $221.9 million.
Meanwhile, the country’s banking sector’s credit volume, excluding participation banks, increased 9.9 billion Turkish Liras in a period of one week to 619 billion liras as of March 30, the Central Bank said. Deposit banks’ credit volume for financial sector rose to 12.2 billion liras.