The Turkish Central Bank's total reserves fell by another $1.5 billion last week, according to bankers' calculations, after having dropped by double-digits in the week of October 24.
According to the calculations, which were based on the central bank's leading indicators, gross reserves fell to $184 billion, while net reserves rose by $1.5-2 billion to stand at $69.5 billion.
The decline in global gold prices caused a drop of $1 billion last week, after having caused a decrease of more than $5 billion the previous week.
Bankers calculated that the central bank, which sold $5.5 billion in foreign currency the previous week, bought $1.5 billion in foreign currency last week. Official data is expected to be announced on Thursday.
