Türkiye's external assets at $362.9B in June

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye's external assets totaled $362.9 billion as of the end of June, down 0.5% from the end of last year, official figures from the Central Bank showed on Tuesday.

The country's liabilities against non-residents were at $692.3 billion, up 1% from the same period last year, the bank said.

Türkiye’s net international investment position (NIIP) – assets minus liabilities – was at minus $329.4 billion, up 2.8%.

Reserve asset items were at $149.9 billion, down 4.2% compared to the previous year.

As for sub-items under assets, direct investments were at $69.8 billion, rising 3.4%, while other investments totaled $138.8 billion, up 1.7%.

As for sub-items under liabilities, direct investments under liabilities posted $204.4 billion by the end of January, falling 0.9%.

Portfolio investments dropped 2.9% to $116.7 billion, while other investments rose 3.4% to $371.2 billion.