Turkey: Reserves of CBRT on the rise

Reserved assets of CBRT have increased by 7.5 percent in the last ten months to reach 92 billion 420 million dollars as of end October 2011.

The Central Bank of Turkey is considered to have displayed a successful performance during the global crisis as well as recently. The foreign exchange reserves in the bank’s possession also proves this statement.

This observation is based on the report that “reserved assets of CBRT have increased by 7.5 percent in the last ten months to reach 92 billion 420 million dollars as of end October 2011”.

The same figure was 85 billion 968 million dollars as of December 31st 2010.

On the other hand an increase of 2,4 billion dollars in the value of gold reserves  (included in reserved assets) has been observed in the same period.

30.11.2011
Editor, BTT