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Turkish Central Bank’s gold and foreign currency reserves decreased in 2011

Business Materials 5 January 2012 17:54 (UTC +04:00)

Azerbaijan, Baku, Jan. 5 /Trend A.Badalova, A. Tagiyeva/

Gold and foreign currency reserves of the Turkey's Central Bank decreased by $3.8 billion to $89.201 billion in 2011, the Turkish Central Bank reported on Thursday.

Foreign currency reserves of the Central Bank decreased by $2.77 billion in 2011. In December of 2011 the Bank's foreign currency reserves grew by 9.9 percent to $79.6 billion due to the Central Bank's intervention in financial operations at domestic market

As for Nov. 30 of 2011, foreign currency reserves of the Central Bank amounted to $72.413 billion, which is the record volume in the country's financial history.

Volume of the Turkish Central Bank's gold reserves decreased by $209 million to $10.242 billion in December of 2011.

The Central Bank's foreign assets decreased by $3.14 million to $91.645 billion in December of 2011. The Central Bank's liabilities in foreign currency decreased by $554 million to $49.266 billion, which is by $11.67 billion more than in 2010.

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