ISTANBUL: Trkiye's external assets rose to $341.7 billion at the end of June, up 2.7% from the end of 2023, the country's Central Bank said Tuesday. Trkiye's liabilities against non-residents climbed 10.1% to $670.2 billion in the same period. The net international investment position, which is the difference between assets and liabilities, posted minus $328.5 billion in June, versus minus $275.9 billion at the end of 2023, the data showed. Reserve assets saw a 1.4% rise to $142.9 billion while other investments saw a 2.4% bump to $127.4 billion in the same period. As for currency and bank deposits, the sub-item rose 9.8% to $51.2 billion at the end of 2023. At the same time, direct investment under liabilities climbed 23.6% to $188 billion 'with the contribution of the changes in the market value and foreign exchange rates,' the bank said. Portfolio investments in June rose to $119.7 billion, jumping 24.8% compared to the end of 2023. Meanwhile, banks' total external loan stock climbed 5.8% to $66.3 b illion, and the total loan stock of other sectors fell 1.1% to $100.1 billion over the same period. Source: Anadolu Agency
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