Gold rally pushes Turkish central bank reserves to new record | Daily Sabah
by Daily Sabah
Jan 29, 2026 5:16 pm
The massive surge in gold prices has helped the Turkish central bank’s total reserve reach an all-time high for the second consecutive week, official data showed on Thursday.
The Central Bank of the Republic of Türkiye’s (CBRT) reserves rose by more than $10 billion to hit a record $215.6 billion in the week ending Jan. 23, according to official figures.
That marked a $10.4 billion increase from the previous week’s peak of $205.2 billion.
Thursday’s data showed CBRT’s net foreign reserves rose from $91 billion to $97.4 billion. Excluding swaps, net reserves jumped from $78.8 billion to $85.4 billion.
The bank’s foreign currency reserves rose 2.7% from the previous week to $78.5 billion.
The gold reserves climbed from $121 billion to $129.4 billion.
Gold extended its record-breaking rally on Thursday and was on track for its best monthly performance since 1973, as rising economic and geopolitical uncertainties drove investors to the safe-haven metal.
Spot gold was 2.1% higher at $5,514.03 an ounce by 08:52 a.m. ET (1352 GMT), after earlier touching $5,594.82. Gold has gained over 28% so far this month.
The CBRT, despite temporary fluctations, has been steadily building its reserves since a shift to more conventional economic policies in the middle of 2023.
A new program earlier this month showed the bank plans to increase its international reserves as long as market conditions allow.
KEYWORDS
turkish economy
economy
turkish central bank
cbrt
reserves
gold
gold prices
foreign currency
türkiye
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