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CBRT’s Net Reserves Excluding Swaps Rise by $18.8 Billion in Five Weeks
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The Central Bank of the Republic of Turkey (CBRT) and the Central Bank of the People's Republic of China have taken an important step to strengthen bilateral trade and investments. The Turkish Lira-Chinese Yuan swap agreement between the two countries was renewed, while a Memorandum of Understanding was signed for renminbi swap arrangements. The agreement aims to deepen economic cooperation between the two countries and increase trade in local c…
CBRT’s Net Reserves Excluding Swaps Rise by $18.8 Billion in Five Weeks
The Central Bank of the Republic of Türkiye (CBRT) has reported a significant increase in its net reserves excluding swaps, with a rise of $18.8 billion over the past five weeks. As of the week ending June 5, official reserve assets grew by 1.8% compared to the previous week, reaching a total of $155.9 billion. Net reserves surpassed the $52 billion mark. According to data released by the CBRT, during the reporting week, foreign exchange assets …
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