Turkish Central Bank int'l reserves at $104.8B in Nov.
Foreign currency reserves total $76.9 billion, while gold reserves at $26.5 billion
The official reserves of the Central Bank of the Republic of Turkey (CBRT) reached $104.8 billion as of the end of November, the bank announced Friday.
The November figure showed that total reserve assets rose 0.2% from the previous month.
Foreign currency reserves -- in convertible foreign currencies -- increased 0.4% to $76.9 billion during the same period.
Last month, the bank's gold reserves -- including gold deposits and, if appropriate, gold swapped -- dropped 0.3% month-on-month to $26.5 billion.
On an annual basis, the CBRT's official reserves jumped 15%, up from $91 billion at the end of November 2018.
Short-term predetermined net drains of the central government and CBRT -- foreign currency loans, securities, and foreign exchange deposit accounts of residents abroad within the bank -- posted a 8.9% monthly decrease in November, reaching $15.2 billion, the bank said.
"Of this amount, $10.4 billion were in principal repayments and $4.8 billion in interest repayments," the bank said.
The CBRT also said the contingent short-term net drains on foreign currency amounted to $35.3 billion last month, down 3.3% from end-October.Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.