Türkiye's external assets at $378.4B in January

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye's external assets totaled $378.4 billion as of the end of January, up 3.1% versus the end of last year, official figures from the Central Bank showed on Wednesday.

The country's liabilities against non-residents were at $665.1 billion, up 0.8% from the same period last year, the bank said.

Türkiye’s net international investment position (NIIP) – assets minus liabilities – was at minus $286.6 billion, down $6.1 billion.

Reserve asset items were at $166 billion, up 7% compared to the previous year.

As for sub-items under assets, direct investments were at $72.1 billion, rising 1.3%, while other investments totaled $136.4 billion, down 0.2%.

Foreign exchange deposits of resident banks held abroad were at $37.4 billion, reflecting a decrease of 5.2%.

Among the sub-items under liabilities, the Central Bank’s deposit liabilities item was at $31.5 billion in January, down 9.3%.

As for sub-items under liabilities, direct investments under liabilities posted $180.1 billion by the end of January, falling 0.9%.

Portfolio investments jumped 3% to $128.1 billion, while other investments rose 0.9% to $356.9 billion.