Türkiye’s External Assets Rise to More Than $445 Billion in August
(MENAFN) Türkiye’s external assets climbed to $445.2 billion at the end of August, marking a 6.1% increase from the previous month, according to official figures.
Meanwhile, the country’s liabilities to non-residents fell by 1.1% over the same period to $809.7 billion.
As a result, Türkiye’s net international investment position, calculated by subtracting external liabilities from external assets, stood at negative $364.5 billion in August.
The Central Bank’s reserve assets recorded a notable increase, rising by $22.2 billion to reach $186.7 billion during the month.
Direct investment assets edged up 0.7% to $82.4 billion, while assets in financial derivatives surged by 51.9% to $3.8 billion.
Other investment assets also recorded growth, increasing by 1% month-on-month to $163.3 billion.
However, foreign currency deposits held by resident banks declined by 2%, bringing their total to $43.8 billion.
On the liabilities side, direct investment fell by 2.9% compared with July, reaching $225.9 billion at the end of August.
In contrast, portfolio investment liabilities increased by 2.8% to $164.7 billion, reflecting a rise in this component of Türkiye’s obligations to foreign investors.
Meanwhile, the country’s liabilities to non-residents fell by 1.1% over the same period to $809.7 billion.
As a result, Türkiye’s net international investment position, calculated by subtracting external liabilities from external assets, stood at negative $364.5 billion in August.
The Central Bank’s reserve assets recorded a notable increase, rising by $22.2 billion to reach $186.7 billion during the month.
Direct investment assets edged up 0.7% to $82.4 billion, while assets in financial derivatives surged by 51.9% to $3.8 billion.
Other investment assets also recorded growth, increasing by 1% month-on-month to $163.3 billion.
However, foreign currency deposits held by resident banks declined by 2%, bringing their total to $43.8 billion.
On the liabilities side, direct investment fell by 2.9% compared with July, reaching $225.9 billion at the end of August.
In contrast, portfolio investment liabilities increased by 2.8% to $164.7 billion, reflecting a rise in this component of Türkiye’s obligations to foreign investors.
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