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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Turkey’s foreign currency reserves in decline

Posted on 03 July 2009

From Todayszaman.com: The amount of foreign currency in the coffers of the Central Bank of Turkey fell by more than $4.5 billion in the first half of 2009 compared to the same period a year ago.
The decrease in the bank’s foreign currency reserves was especially apparent in the last week of June, when they dropped by $524 million to reach $65.5 billion………Full Article: Source


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