ANKARA, Feb 24 (Reuters) – The Turkish Central Bank’s total reserves are expected to have decreased by around $5.8 billion last week to $206 billion, due to a eurobond redemption, bankers said.
Three bankers consulted by Reuters calculated that net reserves decreased by $7 billion to $89 billion in the week ending February 20.
Bankers estimated that an increase in gold prices in the week to February 20 had an upward impact of around $1 billion on reserves. According to the calculations, the central bank sold $3 billion in the market last week.
The reserve calculations are based on preliminary data from the central bank. Official data will be released on Thursday.
(Reporting by Nevzat Devranoglu, Editing by Daren Butler)
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