Foreign exchange reserves

Türkiye to continue to build up reserves: Şimşek

Türkiye will continue to accumulate foreign exchange reserves as long as market conditions allow, Treasury and Finance Minister Mehmet Şimşek has said.

The minister noted that the gross reserves climbed to $115 billion in the week ending Aug. 4 from $98.5 billion as of the end of May, citing the data from the country's Central Bank.

Some $3 bln invested in gold in Türkiye in first quarter

An unprecedented 58 billion Turkish Liras ($3bn) was invested in gold in the first quarter of 2023 in Türkiye, according to the World Gold Council (WGC).

Bar and coin investment in Türkiye reached phenomenal levels in the first quarter, breaching 50 tons for the first time on record, said the council's latest edition of the Gold Demand Trends report.

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