Mehmet Şimşek: There is a significant increase in CBRT reserves

Treasury and Finance Minister Mehmet Şimşek shared the positive developments regarding the CBRT reserves in his statement on his social media account. Minister Şimşek emphasized that the goal of ensuring international reserve accumulation is important, and stated that the Central Bank’s reserves have increased significantly.

Minister Şimşek stated that the Central Bank reserves, which were at the level of 98.5 billion dollars on 26 May, rose to 108.6 billion dollars on 30 June and drew attention to the increase in reserves. Mentioning that there was an improvement of 14.2 billion dollars in net reserves in the same period, Şimşek said that the rapid recovery in reserves was encouraging.

In addition, Minister Şimşek pointed out that the efforts to provide foreign funding to contribute to the increase in reserves continue rapidly. Şimşek, who said that the improvement will continue with the steps to be taken as well as the rational policies aimed at providing additional foreign resources to the country, stated that the necessary steps will continue to be taken for the continuity of the recovery.

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