"CBRT Reserves Break Record: Gold Rally Continues"

Historic Reserve Increase from TCMB

The reserves of the Central Bank of the Republic of Turkey (TCMB) reached a historic peak of 186.2 billion dollars in the week of October 3, 2023. This figure showed a significant increase from 183 billion dollars in the previous week.

Increase in Net Reserves

During the same period, TCMB's net reserves rose from 72.7 billion dollars to 75.2 billion dollars. This increase reflects positive developments in Turkey's economic stability.

Increase in Net Reserves Excluding Swaps

Moreover, there was also a remarkable rise in net reserves excluding swaps, which increased from 57.2 billion dollars to 59.5 billion dollars. This situation continues to enhance investor confidence.