The Turkish Central Bank’s official reserves stood at $102.5 billion as of the end of January, the bank announced Friday.

The January figures showed total reserve assets dropped 2.9% from the previous month.

Foreign currency reserves – in convertible foreign currencies – fell 4.7% to $73.5 billion during the same period.

Last month, the bank’s gold reserves – including gold deposits and, if appropriate, gold swapped – dropped 2.4% month-on-month to $27.5 billion.

Meanwhile, on an annual basis, the bank’s official reserves soared 5.9%, up from $96.8 billion at the end of January 2019.

Liability side

Short-term predetermined net

Read more: Turkish Central Bank int'l reserves at $102.5B in Jan.