Turkey's assets abroad up

Turkey's assets abroad reached $219.7 billion in March

Turkey's assets abroad up

World Bulletin/News Desk

Turkey's financial assets abroad rose by 2.8 percent at the end of March, reaching $219.7 billion.      

According to a statement released by the Central Bank of Turkey (CBT) on Monday, international investment position (IIP) figures showed that Turkish financial assets abroad reached $219.7 billion and liabilities rose by 4 percent reaching $653.5 billion at the same period.      

Net international investment position (NIIP), the gap between assets and liabilities, was as minus $414.8 billion in 2012's end, and the NIIP was minus $433.8 billion in March 2013.      

In March this year, portfolio investments increased $10.5 billion, and non-resident Turkish citizens' stock of shares rose 8.2 percent to $76.4 billion compared to the end of 2012.      

Moreover, in March, non-resident Turkish citizens' foreign exchange deposit accounts with a letter of credit at the Central Bank were calculated as $6.6 billion.

Last Mod: 20 Mayıs 2013, 14:37
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