Türkiye’s reserves hit 5-month high on gold strength

Fri Aug 28 2026

Türkiye's official reserve assets rose 2.7% week-on-week to $188.45 billion as of Aug. 21, reaching their highest level since the week ending March 13, as a surge in gold holdings offset a modest decline in foreign currency balances, according to Central Bank data.

Gold reserves drive weekly gain

Gold reserves surged by $5.89 billion, or 5.4%, to reach $114.22 billion during the week ending Aug. 21, more than offsetting a decline in foreign currency holdings. Foreign currency reserves dipped by $984 million, or 1.5%, to $66.46 billion, the Central Bank said. The combined value of Türkiye’s reserve position at the International Monetary Fund and special drawing rights ticked up 0.6% to $7.77 billion.

Assets up $24 billion since July

Compared with the end of July, official reserve assets have risen by $24 billion, or 14.6%, recovering from earlier lows seen in March. Foreign currency reserves have increased 18.4% over the past month, while gold reserves expanded 13.5% during the same period, according to the data. The latest weekly figure represents the strongest reserve position since the week ending March 13.

Short-term liabilities edge higher

Short-term foreign currency liabilities of the public sector, comprising obligations of the Central Bank and central government, increased by $249 million, or 0.2%, week-on-week to $120.95 billion. The modest rise in liabilities comes as policymakers in Ankara continue to monitor external debt metrics alongside the build-up in reserve buffers.

Source: https://en.yenisafak.com/