Foreign Exchange Reserves Of Turkish Central Bank On Rise

ANKARA - Foreign exchange reserves of Turkish Central Bank rose to 77.4 billion USD on May 16th, the bank said on Thursday.
The reserves were 73.4 billion USD on May 9th.
In its weekly bulletin, the Central Bank said its total gross reserves (foreign currency plus gold) increased to 123.6 billion USD on May 9th. They were around 123.1 billion USD on May 2nd.
Of May 9th`s total gross reserves, 46.7 billion USD was from privately owned companies, including commercial banks while the Central Bank held the rest.
Meanwhile, Turkey repaid 507 million USD of foreign debt between May 1st and 21st.
Turkey paid back 19.3 billion USD of foreign debt in 2007, and the foreign debt Turkey has repaid since the beginning of 2008 amounted to 7.8 billion USD.
(UK-AÖ)