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ANKARA, March 21 (Reuters) - The Turkish central bank's
net international reserves rose by $6 billion last week to $25
billion, three bankers' calculations showed on Tuesday, after a
$5 billion deposit from Saudi Arabia entered its accounts.
The central bank's gross reserves rose $6.5 billion to
$126.5 billion in the same period, they showed.
A deposit of $5 billion from the Saudi Fund for Development
(SFD) entered the accounts of the Turkish Central Bank on
Monday, bankers told Reuters last week.
Turkey's net foreign exchange reserves have rebounded
from just over $6 billion last summer, when they were at their
lowest in at least 20 years.
However, they had lost some $10 billion since a massive
earthquake hit southern Turkey in early February, killing more
than 56,000 people in Turkey and Syria, and leaving millions
homeless.
Turkey's forex reserves dropped sharply in recent years
due to market interventions and in the wake of a currency crisis
in December 2021. The lira lost some 30% of its value against
the dollar last year and 44% in 2021.
(Reporting by Nevzat Devranoglu; Writing by Ali Kucukgocmen;
Editing by Muralikumar Anantharaman and Jonathan Spicer)
+905319306206; Reuters Messaging: Reuters Messaging:
ali.kucukgocmen.thomsonreuters.com@reuters.net))
