Ankara, January 2026 — The Central Bank of the Republic of Turkey (CBRT) recorded significant reserve valuation gains in 2025, driven by rising global gold prices.
While the volume of gold holdings remained broadly stable at around 640 tons, their market value increased sharply, exceeding $110 billion by year-end. Analysts estimate that gold price appreciation added $25–30 billion to the CBRT’s reserve valuation over the year.
These gains are reflected as balance-sheet valuation increases rather than realized profits, strengthening the central bank’s financial position. Combined with foreign exchange assets, Turkey’s total official reserves approached $190 billion in late 2025.
Gold’s strong performance amid global uncertainty reinforced its role as a key reserve asset for the CBRT, supporting Turkey’s external financial resilience heading into 2026.
