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Turkey's foreign exchange reserves rise
Foreign exchange reserves of Turkish Central Bank rose to 73,591 million USD on June 20th, the bank said on Thursday.
Thursday, 26 June 2008 20:06
The reserves were 73,508 million USD on June 13th.
In its weekly bulletin, the Central Bank said its total gross reserves (foreign currency plus gold) increased to 129.8 billion USD on June 13th. They were around 129.6 billion USD on June 6th.
Of June 13th's total gross reserves, 52.9 billion USD was from privately owned companies, including commercial banks, while the Central Bank held the rest.
Meanwhile, Turkey repaid 996 million USD of foreign debt between June 2nd and 25th.
Turkey paid back 19.3 bln USD of foreign debt in 2007, and the foreign debt Turkey has repaid since the beginning of 2008 amounted to 8.8 billion USD.
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