'Our policy is that we'll announce it on a quarterly basis,' he said, explaining that the Monetary Board meets every week to tackle industry issues like bank reserves
. 'We're not ready to announce it yet.'
State bank reserves
have observed a decline of $ 552 million, bringing the total State bank reserves
to $ 7.8 billion, added the spokesman.
It also announced a three-step reduction in bank reserves
from 18% to 16%.
M2 EQUITYBITES-May 13, 2019--Turkey to withdraw funds from central bank reserves
Global Banking News-May 13, 2019--Turkey to withdraw funds from central bank reserves
BANKING AND CREDIT NEWS-May 13, 2019--Turkey to withdraw funds from central bank reserves
The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves
, at GBP10B.
State Bank reserves
have reached to $8.62 billion after receiving last installment of the financial package while foreign exchange reserves reached to $15.25 billion.
During the meeting, the Ministry of Industries and Production will present a report on the recent increase in cement prices and SAARC food bank reserves
will also be discussed.
The central bank reserves
also decreased by $113m to $12,233.2m during the week due to external debt servicing and other official payments.
Summary: Azerbaijan Central Bank reserves
increased 1.0% m/m to US$ 4.1bn in March 2016, the first increase in the last eight months.