Türkiye’s International Reserves Hit Record High of $178.4 Billion

Türkiye’s official international reserves have reached a historic peak, climbing to $178.4 billion as of August 29, according to data released by the Turkish Central Bank on Thursday.

The reserves rose 1.2%, or $2.03 billion, from the previous week's $176.3 billion, the bank said, The Caspian Post reports, citing Anadolu.

Foreign currency reserves - in convertible foreign currencies - fell 0.1% to $83.3 billion compared to the previous week.

The bank's gold reserves - including gold deposits and, if appropriate, gold-swapped - climbed 2.5% to $87.3 billion in the same period.

Meanwhile, total IMF reserve position and special drawing rights increased 0.1% to reach $7.7 billion.