Turkey’s Central Bank Reserves Hit Record $180.2 Billion

The Central Bank of the Republic of Turkey (CBRT) has reached a new record in its total reserves, according to preliminary calculations based on official data. Figures show that as of the week ending September 5, reserves rose to approximately $180.2 billion, marking the second consecutive week of increases.

This represents an increase of $1.88 billion compared to the previous week, when reserves stood at $178.4 billion—also a record at the time. The steady rise underscores improving external buffers, even as Turkey navigates volatile global financial conditions.

Consecutive Gains Signal Strength

The latest rise continues the positive momentum seen at the end of August. On August 29, CBRT reserves were calculated at $178.4 billion, already the highest in history. Now, with the September 5 figure climbing to $180.2 billion, Turkey’s reserve levels have achieved yet another milestone.

The central bank is scheduled to release its official reserve figures on Thursday at 14:30, but market analysts note that early estimates consistently align closely with the official data.

Importance of Rising Reserves

For Turkey, maintaining strong foreign exchange and gold reserves is critical to ensuring market confidence, managing external shocks, and supporting currency stability. With global markets unsettled by geopolitical risks and shifting U.S. monetary policy, the build-up in reserves provides a cushion for the Turkish economy.

Higher reserves also reinforce the Central Bank’s credibility in managing its disinflation program and maintaining a stable financial environment, particularly as interest rate policies and capital flows remain under close scrutiny.

Historical Context

The record-breaking rise in reserves comes after a series of ups and downs in past years. Turkey has previously drawn down reserves to stabilize markets during periods of currency volatility. The current trajectory suggests a rebuilding effort is underway, aided by capital inflows, stronger current account performance, and tighter monetary policy.

Market Expectations

Investors will be closely watching Thursday’s official CBRT release for confirmation of the $180.2 billion figure. Market observers highlight that sustained reserve growth could bolster foreign investor sentiment, especially as Turkey continues to pursue structural reforms and attract external financing.

At the same time, analysts caution that reserves can fluctuate significantly due to debt repayments, gold price changes, and foreign currency interventions. Maintaining momentum will require continued discipline in monetary and fiscal policies.