Turkey’s central bank increased its international gold reserves by 16 metric tons in the week ending Thursday, bringing the total to 791.4 tons, according to official data.
The increase followed the maturity of a U.S. dollar-gold swap, which had a notional value of approximately $1.8 billion. The transaction marked the final swap in a series that had been rolled over repeatedly since the start of the Iran war, bankers familiar with the matter said.
The central bank did not provide further details on the transaction or its terms, and declined to comment on the development.
