ANKARA (Turkey), February 28 (SeeNews) – The international reserves held by Turkey's central bank totalled $102.5 billion (93.28 billion euro) at the end of January, a 2.9% fall on a monthly comparison basis, it said on Friday.
Foreign currency reserves dropped 4.7% to $73.5 billion, whereas gold reserves increased by 2.4% to $27.5 billion in the review period, the central bank said in a statement.
Short term predetermined net drains of the central government and the central bank, such as foreign currency loans, securities, and foreign exchange deposit liabilities, rose by 6.4% to $17.1 billion, of which $12.3 billion in principal repayments and $4.8 billion in interest repayments.
Outstanding foreign exchange and gold liabilities arising from the central bank’s financial derivative operations with resident and non-resident banks stood at $19.8 billion, of which $10.8 billion is due in one month.
Contingent short-term net drains on foreign currency increased by 3.8% month-on-month to $35.9 billion in January.
($ = 0.910069 euro)