Türkiye's international reserves reach record high of $189.7 billion

Türkiye's international reserves have climbed to an unprecedented level of $189.7 billion, establishing a new record high according to central bank data released Thursday. The figures for October 10 show a substantial increase of $3.5 billion, representing 1.9% growth from the previous week's total of $186.2 billion, continuing a pattern of robust reserve accumulation.

Reserve Composition Breakdown

The central bank's foreign currency reserves, comprising convertible foreign currencies, rose by 0.5% to reach $79.6 billion. Meanwhile, gold reserves demonstrated even stronger growth, increasing by 3.2% to $102.4 billion. This category includes physical gold deposits and gold swap arrangements where applicable, highlighting the continued strategic importance of gold in Türkiye's reserve management strategy.

SDR and IMF Position

While most reserve categories expanded, the International Monetary Fund reserve position and special drawing rights experienced a slight decline of 0.7%, settling at $7.7 billion. This minor decrease was offset by the substantial gains in other reserve components, particularly the notable growth in gold holdings which now constitute a significant portion of Türkiye's total reserves.

Consistent Record-Setting Trend

This achievement marks the third consecutive week that Türkiye's international reserves have reached record levels. Over the past two months alone, the reserves have established new historical highs on five separate occasions, reflecting the sustained strength of the country's external financial position and the effectiveness of its monetary policy framework in building robust buffers against global economic uncertainties.