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Turkish Central Bank’s foreign reserves increase by $4 billion

Business Materials 28 November 2012 16:08 (UTC +04:00)

Azerbaijan, Baku, Nov. 28 / Trend A. Taghiyeva /

Turkish Central Bank's reserves in October 2012 increased by $5.1 billion reaching $117.2 billion compared to the previous month, the Turkish Central Bank's report, published on Wednesday on its official website, said.

The Central Bank's reserves in foreign currency increased by $4 billion and hit $97.8 billion.

According to the report, the Turkish Central Bank's reserve position in the IMF in October did not change remaining at $172 million. The Central Bank's gold reserves in October hit $17.6 billion compared to $17.2 billion in September 2012.

According to the Central Bank, the amount of net outflow from Turkey in October hit $13.1 billion.

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