Economic news

Turkish central bank net reserves rose $3 billion last week -data/bankers

2022.10.11 04:40

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© Reuters. FILE PHOTO: A logo of Turkey’s Central Bank is pictured at the entrance of its headquarters in Ankara, Turkey October 15, 2021. REUTERS/Cagla Gurdogan

ANKARA (Reuters) – The Turkish Central Bank’s net reserves rose $3 billion last week and total reserves climbed $7 billion, calculations based on preliminary data from five bankers showed on Tuesday.

The calculations indicated that net reserves jumped to $12.8 billion last week from $9.7 billion the previous week, while total reserves rose to $114 billion from $107 billion.

The central bank declined to comment on the figures.

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