Money

Turkiye’s external assets at $289 billion

Turkiye’s external assets stood at $287.6 billion as of the end of April, indicating a decrease of 1 percent compared to the end of 2021, according to the International Investment Position (IIP) report released yesterday.

Liabilities against non-residents were $524.4 billion, pointing to a 3.2 percent decline.

The net IIP, defined as the difference between Turkiye’s external assets and liabilities, was minus $236.8 billion at the end of April 2022, compared with minus $251 billion at the end of 2021.

Reserve assets recorded a decline of 3.9 percent to $106.9 billion, while other investments recorded $124.3 billion, indicating an increase of 2.1 percent compared to the end of 2021. Currency and deposits of banks, one of the sub-items of other investments, stood at $51.7 billion, increasing 0.3 percent.

“As regards to sub-items under liabilities, direct investment equity capital and other capital at the end of April 2022 were $122 billion, declining by 12.4 percent from the end of the previous year, with the contribution of the changes in the market value and foreign exchange rates,”the Central Bank said.

Portfolio investment decreased by 4.8 percent to $91.4 billion. Non-residents’ equity holdings increased by 6.2 percent to $19.6 billion. Non-residents’ holdings of Government Domestic Debt Securities (GDDS) stood at $2.4 billion with a decrease of 30.5 percent. Outstanding eurobond holdings of non-residents posted $42.9 billion with a decrease of 5.4 percent.

Source
hurriyetdailynews

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