According to the Turkish Central Bank’s International Reserves and Foreign Currency Liquidity report, the Bank’s total gross reserves increased by 4.5% in the month of July 2020. The reserves value as of July 30th, 2020 was USD 90.3 billion, compared with USD 86.3 billion as of the end of June 2020.
In July 2020, the Bank’s foreign currency reserves, in convertible foreign currencies, decreased by 1.5% to USD 45.1 billion, while its gold reserves increased by 11.5% to USD 43.6 billion, compared with the previous month of June.
The 2019 yearend total gross reserves figure of USD 105.5 billion represents a 13.4% increase over the USD 93 billion figure for 2018 yearend. The 2018 yearend figure had itself represented a decline of 13.6% from USD 107.7 billion at 2017 yearend. In mid-December 2013, the Bank's total reserves had reached their all-time peak of nearly USD 136 billion, including some USD 21 billion in gold reserves.
With regards its short-term liabilities in July 2020, the Bank made the following declaration on its website :
“Short term predetermined net drains of the Central Government and the CBRT (foreign currency loans, securities, FX deposit liabilities) increased by 17.1 percent to USD 24.9 billion, of which USD 19.8 billion in principal repayments and USD 5.1 billion in interest payments. Additionally, outstanding FX and gold liabilities arising from the CBRT’s financial derivative activities with resident and non-resident banks recorded USD 58.2 billion, of which USD 15.0 billion is due in one month.
Contingent short-term net drains on foreign currency consists of “collateral guarantees on debt due within one year” and “other contingent liabilities (“Required Reserves in Blocked Accounts in Foreign Currency and Gold” and “Letters of Credit” items in the CBRT’s balance sheet). These liabilities recorded USD 34.1 billion increasing by 22.1 percent compared to the previous month.”