Turkish central bank reserves rise from the dollar
Real Estate News – Realty Group
The Central Bank of Turkey (CBK) announced a rise in its net foreign exchange reserves from the US dollar last week.
Turkish media reported that the central bank’s net foreign exchange reserves from the US dollar rose to $ 1.64 billion in a week on May 24.
Turkish media reported that the central bank’s dollar reserves rose to 26.52 billion dollars on May 24 and that the dollar reserve had 24.88 billion dollars a week before May 24.
The Turkish lira has fluctuated over the past several years due to several factors, most notably the political tension between Ankara and Washington for Turkey’s purchase of the Russian S-400 system, which the United States rejects and threatens to impose sanctions on Turkey if the deal is completed.