Turkish cenbank forex reserves drop nearly a third year-on-year

Foreign currency held by locals in Turkey fell to $153.43bln on Oct. 5 from $154.36bln a week earlier

Ali Kucukgocmen, Reuters News

October 11, 2018

ISTANBUL - The Turkish central bank's gross forex reserves fell to $66.29 billion on Oct. 5, marking a decline of nearly a third from a year earlier, data from the bank showed on Thursday.

A year ago, forex reserves stood at $93.654 billion. Foreign currency held by locals in Turkey fell to $153.43 billion on Oct. 5 from $154.36 billion a week earlier.

(Reporting by Ali Kucukgocmen; Editing by Daren Butler) ((ali.kucukgocmen@thomsonreuters.com , @alikucukgocmen; +902123507067; Reuters Messaging: Reuters Messaging: ali.kucukgocmen.thomsonreuters.com@reuters.net))