Türkiye's central bank reserves reach all-time high of $218.2 billion

The Central Bank of the Republic of Türkiye (CBRT) has achieved a new milestone, with its total gross international reserves rising to an unprecedented $218.2 billion. According to official data released Thursday, this marks the third time reserves have set a new record since mid-January, when they first surpassed the $200 billion threshold.

Weekly Increase and Composition of Reserves

Reserves increased by $2.54 billion, or 1.2%, in the week ending January 30, climbing from the previous week's $215.6 billion. A notable shift occurred within the reserve composition: while foreign currency reserves in convertible currencies saw a slight decline of 2.4% to $76.6 billion, the bank's gold reserves experienced a substantial 3.4% jump, reaching $133.8 billion.

Strategic Importance of Gold Holdings

The continued expansion of gold reserves, which include physical gold and gold swap arrangements, has been a cornerstone of the central bank's strategy to bolster financial stability. The rise in gold holdings highlights a deliberate diversification effort aimed at strengthening the country's economic resilience and safeguarding against global financial volatility.

Context of Economic Policy and Investor Confidence

This consistent accumulation of reserves reflects the broader impact of Türkiye's recent economic policy framework, which prioritizes price stability and rebuilding foreign exchange buffers. The record level serves as a key indicator of growing market confidence and the central bank's capacity to manage external shocks, providing a more robust foundation for the national economy.