Turkey’s external assets at $244.6B in July


Turkey’s external assets amounted to $244.6 billion as of July this year, the Central Bank of the Republic of Turkey (CBRT) announced on Friday.

Since the end of 2018, external assets jumped by 6.8%, while liabilities against non-residents dropped 1.1% to $596.2 billion, the bank said in a statement.

The bank stated that the net international investment position (NIIP) — difference between external assets and liabilities — posted minus $351.5 billion at the end of July, versus minus $373.6 billion at the end of 2018.

It noted, reserve assets increased 6.8% to reach $99.4 billion, while other investment categories totaled $95.5 billion, up 7.6%.

“Currency and deposits of banks, one of the sub-items of other investment, recorded $49.7 billion indicating an increase of 11.1% compared to the end of 2018,” the bank stressed.

It said direct investment — equity capital plus other capital — at the end of July rose by 3% to $144.4 billion versus the end of last year.

Lenders’ total external loan stock slipped to $74.8 billion last July, down 8.6% compared to the end of 2018, it highlighted.

“Total external loan stock of the other sectors recorded $101.7 billion decreasing by 4.6%,” it added.
Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.

AdvertisementThe new Emirates Premium Economy has arrived on the latest Emirates A380 Emirates Get the best value from your summer holiday with exclusive offers and discounts across Dubai and the UAE with Emirates Pass

What do you think?