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Economics

Turkey’s Foreign Reserves Get the Biggest Boost in a Year

  • Gross foreign reserves, including gold, near $109 billion
  • The bump comes after Russia started wiring money to Turkey
A customer uses an ATM in Istanbul, Turkey.

A customer uses an ATM in Istanbul, Turkey.

Photographer: Kerem Uzel/Bloomberg

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Turkey’s foreign reserves rose by the most in a year to nearly $109 billion following money transfers from Russia for the construction of a nuclear power plant.