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Trkiye’s External Assets Surpass $445 Billion in August

Ankara:Trkiye's external assets reached a total of $445.2 billion by the end of August, marking a 6.1% increase compared to the previous month, according to official data.

According to Anadolu Agency – English, the country's liabilities against non-residents fell by 1.1% to $809.7 billion during the same period. Trkiye's net international investment position, calculated as assets minus liabilities, stood at minus $364.5 billion in August.

The Central Bank's reserve assets experienced an increase of $22.2 billion, reaching a total of $186.7 billion. Additionally, direct investment assets rose by 0.7% to $82.4 billion, while financial derivatives saw a significant jump of 51.9% to $3.8 billion. Other investment assets increased by 1% to $163.3 billion.

On the other hand, foreign exchange deposits of resident banks decreased by 2%, amounting to $43.8 billion. On the liabilities side, direct investments fell by 2.9% month-on-month to $225.9 billion, while portfolio investment liabilities rose by 2.8% to $164.7 billion.