External assets at $309 billion: Data

External assets at $309 billion: Data

ANKARA
External assets at $309 billion: Data

Türkiye’s external assets remained almost flat at $308.6 billion as of the end of October compared with the end of last year, the data from the Central Bank have shown.

Haberin Devamı

Liabilities against nonresidents fell by 3.5 percent to $603.5 billion over the same period.

The International Investment Position (IIP), defined as the difference between Türkiye’s external assets and liabilities, posted minus $295 billion against minus $317.1 billion at the end of 2022.

Currency and deposits of banks, one of the sub-items of other investments, stood at $45.8 billion, indicating an increase of 1.8 percent.

Under liabilities, direct investment (equity capital and other capital) at the end of October 2023 recorded $160.9 billion, marking 21.3 percent, with the contribution of the changes in the market value and foreign exchange rates, the Central Bank said.

Portfolio investments decreased by 0.5 percent to $92.8 billion.

Non-residents’ equity holdings were $28.6 billion as of the end of October, reflecting a decrease of 0.7 percent, while their holdings of government domestic debt securities fell by 12.5 percent from the end of 2022 to $1.1 billion, with a decrease of 12.5 percent.

Outstanding eurobond holdings of nonresidents increased by 3.9 percent to $43.6 billion.

FX deposits of nonresidents held within the resident banks were down 1.5 percent to $41 billion, while Turkish Lira deposits increased by 15.7 percent to $16.3 billion, showed the data.


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