Turkey’s central bank reported a significant increase in its official reserves, reaching $147.9 billion by the end of July, marking a 3.5% rise from the previous month. This growth was primarily driven by a 7.5% increase in foreign currency reserves, which totaled $83.2 billion. Despite a slight 1.6% decrease in gold reserves to $57.2 billion, the overall increase in reserves demonstrates the bank’s ongoing efforts to strengthen its financial position and stabilize the country’s economy.