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The Turkish Central Bank's official reserves totaled 101.6 billion US dollars as of the end of August 2019, the bank announced on Sept. 27.
Its total reserve assets soared 2.2 percent in July, compared to 99.4 billion US dollars at the end of July, showed a report on the bank's international reserves and foreign currency liquidity.
The bank's foreign currency reserves -- in convertible foreign currencies -- totaled some $74.4 billion, unchanged from the previous month's figures.
Its gold reserves, including gold deposits and, if appropriate, gold swapped, posted an increase of 9.4 percent on a monthly basis to 25.7 billion US dollars in August.
Compared annually, the bank's official reserves also rose 14.2 percent, up from 88.9 billion at the end of August 2018.
In mid-December 2013, its total reserves hit their all-time peak at nearly $136 billion, including some $21 billion in gold reserves.
In August, short-term predetermined net drains of the central government and the Central Bank -- foreign currency loans, securities, and foreign exchange deposit accounts of residents abroad within the bank – dropped by 1.8 percent to 16.8 billion US dollars, the report showed.
It said 12 billion US Dollars of this amount was principal repayments and 4.8 billion US dollars was interest repayments.
The contingent short-term net drains on foreign currency totaled 36.2 billion US dollars in August, up 0.2 percent from the previous month.
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 the letters of credit items on the Central Bank's balance sheet.
(ASIA PACIFIC DAILY)