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Turkish Central Bank's Gold Reserves Surge to $96.3 Billion

Gold reserves skyrocket as Turkish central bank's total reserves reach $183 billion. This move reflects a global trend among central banks diversifying their reserves.

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2025 October 23 . 8:03 AM

1 min read

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Turkish Central Bank's Gold Reserves Surge to $96.3 Billion

Turkish central bank's gross reserves have surged to $183 billion, marking a significant increase of $4.1 billion in just a week. This substantial growth comes amidst a global trend of central banks, including Turkey, boosting their gold price.

The bank's gold price have skyrocketed to $96.3 billion, contributing significantly to the overall gross reserves. Meanwhile, foreign currency reserves in convertible foreign currencies stand at $79 billion. While the main gold suppliers for Turkey's central bank remain unclear, it's part of a broader trend seen in central banks worldwide, such as China, Bulgaria, Russia, and India, who have been actively expanding their gold holdings.

The Turkish central bank's reserves have witnessed a notable increase, with gold price playing a significant role. This growth aligns with global trends, reflecting a strategic move by central banks to diversify their reserves.