Turkey’s Central Bank FX Reserves Hit 5-Week High with $4.2 Billion Surge

The Central Bank of the Republic of Turkey (CBRT) saw a significant rise in its foreign exchange reserves, reaching the highest level in the past five weeks.

According to CBRT’s weekly data, in the week ending May 16, 2025, FX reserves rose by $4.18 billion, climbing from $61.22 billion to $65.40 billion.

This sharp increase underscores ongoing efforts by the central bank to rebuild its currency buffers, a key component of its broader economic stabilization policy.

Gold Reserves See a Decline

While FX reserves climbed, gold reserves dropped from $83.12 billion to $80.26 billion, marking a decrease of $2.87 billion. The decline may reflect valuation changes due to global market fluctuations or strategic reserve rebalancing by the CBRT.

Total Reserves Edge Higher

Despite the dip in gold holdings, total reserves increased by $1.31 billion, rising from $144.34 billion to $145.66 billion. The net gain signals a modest but positive momentum in Turkey’s reserve accumulation efforts, following months of volatility and economic policy adjustments.

This latest data supports a narrative of gradual recovery and enhanced currency stability, crucial for reinforcing investor confidence amid global and domestic financial challenges.