Türkiye’s external assets reach $348.8B in July

By Emir Yildirim

ISTANBUL (AA) - Türkiye’s external assets reached $348.8 billion as of July, up 4.8% since the end of 2024, Central Bank figures showed on Thursday.

Türkiye’s liabilities against non-residents totaled $706.5 billion, up 8.9% in the same period.

The net international investment position (IIP), made from the difference between external assets and liabilities, posted minus $357.7 billion in July versus minus $316.2 billion as of the end of last year, the bank said.

Reserve assets rose 4.9% to $147.8 billion while other investments climbed 3.9% to $129.1 billion in the same period.

Meanwhile, currency and bank deposits rose 6.9% to $48.7 billion as of July compared to the end of 2023.

Direct investments under liabilities saw a 15.3% hike to $222 billion in the same period, “with the contribution of the changes in the market value and foreign exchange rates.”

Portfolio investment reached $123.8 billion, up 29.1% over the same period.

Banks’ total external loan stock surged 10.1% to $68.8 billion in July compared to the end of last year, while the total external loan stock of the other sectors fell 0.8% to $100.2 billion in the same period.