Turkish central bank reserves drop $6.7 billion in a week

Turkey’s central bank said its gross foreign currency reserves declined $6.74 billion to $89.9 billion in the week ending Dec. 1.

Reserves including gold fell to $112.4 billion from $118.9 billion, the central bank said in a weekly report published on its website on Friday.

The lira deposits that banks hold at the central bank increased to 30.4 billion liras ($7.9 billion) from 25.5 billion liras the previous week, it said.

To read the report in Turkish