Turkish Central Bank reserves at $92.8B in April | Yerepouni Daily News

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Turkish Central Bank reserves at $92.8B in April | Yerepouni Daily News

Turkish Central Bank reserves at $92.8B in April May 29, 2019 0 3 �s official  reserves  amounted to $92.8 billion as of the April-end, the bank s

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Turkish Central Bank reserves at $92.8B in April May 29, 2019 0 3 �s official  reserves  amounted to $92.8 billion as of the April-end, the bank said on May 28. The figure went down 3.6% a month earlier, according to a bank data. Foreign currency  reserves  of the bank slipped 4.3% to hit $70.7 billion in April. Gold  reserves  totaled $20.5 billion- including gold deposits and, if appropriate, gold swapped-, down 1.5% during the same period. On a yearly basis, official  reserves  of the bank went down 17%, when the figure was nearly $112 billion at the end of April 2018. The data also showed that short-term predetermined net drains of the central government and the bank decreased 11% to reach $10.8 billion during the same period. “Liabilities arising the bank’s financial derivative activities with resident banks and non-resident banks indicated a net stock of $14.9 billion, of which $11.9 billion is due in one month,” it added. Contingent short-term net drains on foreign currency in April remained stable on a monthly basis at $31.2 billion. According to the bank’s definition, the contingent short-term net drains on foreign currency consist of ‘collateral guarantees on debt due within one year’ and ‘other contingent liabilities,” which are the banking sector’s required  reserves  in blocked accounts in foreign currency and gold, and letters of credit items on the  Central   Bank �s balance sheet. Hurriyet Daily News

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