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Anticipated New Peak in Reserves

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A record increase is expected in the Central Bank’s reserves. According to preliminary data, a $1 billion increase is forecasted in total reserves. The Republic of Turkey Central Bank (CBRT) is expected to see a $1 billion increase in total reserves in the week of September 27th. Preliminary calculations indicate that total reserves will rise from $156.4 billion to $157.4 billion. This figure signals a new peak in reserves. The Central Bank’s official reserve figures will be announced on Thursday at 2:30 pm.

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