Turkey’s foreign reserves increased in May from a month ago, data from the Turkish Central Bank showed Tuesday.
Official reserve assets totaled $116.1 billion at the end of May indicating an increase of $81 million compared to April.
Foreign currency reserves grew by 2.0 percent over the month to $96.5 billion in May. At the same time, gold reserves fell by 8.9 percent to $18.1 billion.
The reserve position with IMF came in at $158 million in May and SDRs totaled $1.35 billion.
The material has been provided by InstaForex Company – www.instaforex.com