Central bank reserves continue to decline sharply

by CBT Weekly Money and Bank Statistics published.

Accordingly, as of August 26, the gross foreign exchange reserves of the Central Bank decreased by 665 million dollars to 70 billion 823 million dollars. Gross foreign exchange reserves were at the level of 71 billion 488 million dollars on 19 August.

In the said period, gold reserves increased by 62 million dollars from 40 billion 762 million dollars to 40 billion 824 million dollars.

Thus, the Central Bank’s total reserves decreased from 112 billion 250 million dollars to 111 billion 647 million dollars in the week of August 26, with a decrease of 603 million dollars compared to the previous week.

The CBRT reserves are as follows (million dollars):