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Turkish central bank gold reserves in 2-year high

by John Pierce
July 3, 2023
in Business
1 min read
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central bank of Republic of Turkey (CBRT) has become central bank Which bought the most gold in The first seven months of this is yearas a center bank’s demand for Gold stays strong in July, according to official data.

CBRT purchased 75 tons of net He went in The first seven months of The year and increased official Gold reserves amounted to 12 tons in July, World Gold Council data showed.

This was on a large scale in Line with Monthly average so far this year and takes year-Even today net The data showed that gold purchases amounted to 75 tons.

CBRT total official Gold reserves are now 469 tons, two-year high.

worldwide net Meanwhile, gold reserves increased by 37 tons in July. The increase was 64 tons in Jun.

Center bank who – which made more net Purchases in July was the central bank of Qatar, with 15 tons. followed by India with 13 tons turkey with 12 tons, Uzbekistan with 9 tons of net Purchases. the biggest net sales in the month in The question came from Kazakhstan with 11 tons.

Although CBRT lags behind behind Qatar and India in July, maintained its central position bank Who bought the most gold in 2022.

as such of July, Turkey became the country with ranked 13 official Gold reserves around the world, including the International Monetary Fund. The share of He went in total Reserves amounted to 31.7%.

While the US Federal Reserve (Fed) had a bigger world official gold reserves with 8133 tons, followed by Germany with 3355 tons. The World Gold Council stated that since January 2022, reliable data on Russia official Reserves cannot be obtained, therefore, the figure does not reflect the most up-Even today amount.

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