According to the Turkish Central Bank’s International Reserves and Foreign Currency Liquidity report, the Bank’s total gross reserves increased by 6% in the month of October 2020. The reserves value as of October 30st, 2020 was USD 84.5 billion, compared with USD 79.7 billion as of the end of September 2020.
In October 2020, the Bank’s foreign currency reserves, in convertible foreign currencies, increased by 12.4% to USD 40.8 billion, and its gold reserves increased by 0.8% to USD 42.1 billion, compared with the previous month of September.
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 October 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 1.3 percent to USD 26 billion, of which USD 20.7 billion in principal repayments and USD 5.3 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 66.9 billion, of which USD 22.7 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 38.6 billion decreasing by 3.2 percent compared to the previous month.”