Search
Close this search box.

Trkiye’s external assets at $337.3B as of May

ISTANBUL: Trkiye's external assets totaled $337.3 billion as of May, up 1.4% from the end of 2023, the Central Bank figures showed on Friday.? The country's liabilities against non-residents amounted to $670.9 billion with an increase of 10.2% over the same period.? The net international investment position - assets minus liabilities - posted minus $333.5 billion in May, versus minus $275.8 billion as of Dec. 31, the bank noted.? Reserve assets recorded $143.6 billion indicating an increase of 2%, while other investment recorded $123.2 billion indicating a decline of 1% compared to the end of 2023. Currency and deposits of banks recorded $46.9 billion indicating an increase of 0.6% versus to the end of 2023. Direct investment - under liabilities - recorded $189.7 billion indicating 24.7% increase in comparison to the end of the previous year, "with the contribution of the changes in the market value and foreign exchange rates." Portfolio investment increased by 23.4% and recorded $118.3 billion compared to the end of 2023. Total external loan stock of the banks was at $63.9 billion increasing by 1.9% compared to the end of 2023, and total external loan stock of the other sectors recorded $100.1 billion, decreasing by 0.9%. Source: Anadolu Agency