Türkiye’s central bank reserves have experienced a notable increase, rising by nearly $40 billion since the end of June. This surge brings the reserves to their highest level in approximately five months. As of the week ending August 21, the Central Bank of the Republic of Türkiye’s (CBRT) total reserves are estimated to have grown by $5.3 billion, reaching around $188.8 billion. This is an increase from $183.5 billion the previous week.
In late June, the reserves had dipped to approximately $149.2 billion. However, a robust recovery followed, with reserves climbing to $164.4 billion by the end of July. The upward trend continued throughout August, marking a significant rebound from the earlier low point.
The latest figures suggest that the reserves are now about $39.6 billion above the June 26 low, marking their highest level since March 13. This recovery highlights the central bank’s strengthened financial position over the past few months.
Official data for the week ending August 21 is anticipated to be released on Thursday, providing further insights into the central bank’s reserve status and confirming the estimated growth figures.