Gross foreign exchange reserves held by Turkey's central bank dropped to USD 46.67 billion as of July 30th, 2020, from USD 50.93 billion a week earlier, the CBRT's weekly money and banking report showed. That was the lowest level in FX reserves since November 2005, as the central bank and state banks have been stepping up efforts to support a falling lira. Meanwhile, the net international reserves declined to USD 26.48 billion.
Foreign Exchange Reserves in Turkey averaged 46297.25 USD Million from 1987 until 2020, reaching an all time high of 115144 USD Million in December of 2013 and a record low of 1389.90 USD Million in January of 1988. This page provides the latest reported value for - Turkey Foreign Exchange Reserves - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Gross Foreign Exchange Reserves - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Central Bank of the Republic of Turkey
Foreign Exchange Reserves in Turkey is expected to be 128027.20 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Foreign Exchange Reserves in Turkey to stand at 128031.11 in 12 months time. In the long-term, the Turkey Gross Foreign Exchange Reserves is projected to trend around 128031.24 USD Million in 2021, according to our econometric models.