Türkiye's external assets at $293.5B in June

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye's external assets stood at $293.5 billion in June, down 4.8% versus the end of 2022, the Central Bank's data showed on Friday.

The country's net international investment position, defined as the difference between external assets and liabilities, was at minus $252.9 billion at the end of June, versus minus $301.6 billion at the end of the last year.

Liabilities against non-residents decreased 10.4% to $546.5 billion over the same period.

"As regards sub-items under assets, at the end of June 2023, reserve assets recorded USD 108.6 billion indicating a decrease of 15.7 percent, while other investments recorded USD 123.2 billion indicating an increase of 2.0 percent compared to the end of 2022," the bank said.

It added that the total external loan stock of the banks was at $59.7 billion, up by 4.8% compared to the end of 2022, while the total external loan stock of the other sectors was at $100.3 billion, down by 0.1%.