Turkish central bank’s gross forex reserves nearly halved in 2020

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Turkish central bank’s gross forex reserves nearly halved in 2020

Turks have flocked to hard currencies. Locals' forex deposits and funds, including precious metals. Updated 03 Sep 2020 ISTANBUL: Turkish central ba

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Turks have flocked to hard currencies. Locals’ forex deposits and funds, including precious metals.

Updated 03 Sep 2020

ISTANBUL: Turkish central bank’s gross forex reserves fell nearly $4 billion in the week to Aug. 28, to stand at $41.59 billion, around half of where it was in the beginning of the year, data showed on Thursday.

The central ban […]

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