Ford drives hike in car production in Romania
6 hours ago
The Turkish central bank's gross foreign exchange reserves declined by 2% w/w to $68.9bn as of September 14, the lowest level seen since April 2010, the central bank said on September 20.
The gross FX reserves stood at $92.9bn at end-2015, at $92.05bn by end-2016 and $84.1bn at end-2017.
The latest data also showed that the national lender's gold reserves slightly rose to $18.7bn as of September 14 from $18.6bn as of September 9.
Commercial lenders in Turkey have pulled as much as $4.5bn worth of gold reserves since mid-June in an apparent effort to avert a liquidity crisis amid the plunge of the Turkish lira (TRY), Central Bank of the Republic of Turkey and Bloomberg data showed on September 14.
The gold reserves were at a record high of $25.72bn as of March 23. They stood at $14.05bn at end-2016 and at $23.5bn at end-2017.
Consequently, total gross international reserves, including gold and FX reserves, edged down by 1% w/w to $87.6bn as of September 14, the lowest level recorded since January 2012, from $88.8bn as of September 7.
The total gross international reserves stood at $107.7bn at end-2017. They stood at $106bn by the end of 2016 compared to $111bn at the end of 2015.
Related Content
Data
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
Most Read
-
Russia’s war economy boosted by rising oil prices
2 days ago
-
Russia’s $13.4bn current account surplus in March second highest since 2007
1 day ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
1 day ago
-
Pro-Kremlin Voice of Europe resumes operations from Kazakhstan
1 day ago
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
20 hours ago
-
Iran vs Israel: Who is better equipped for war?
4 days ago
-
Saudi Arabia to scale back plans for Neom city
8 days ago
-
BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
4 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
5 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
18 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
23 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
28 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
21 days ago