Foreign assets at $281 billion in June

ANKARA

Turkey’s foreign assets stood at $281 billion in June, indicating a 2.5% decline from the end of 2021, and liabilities to non-residents stood at $503.5 billion, down 7.1%, the Central Bank announced yesterday.

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The net international position (PEI), defined as the difference between Turkey’s external assets and liabilities, stood at minus $222.4 billion at the end of June 2022, compared to minus $253.5 billion observed at the end of 2021.

“With regard to the sub-items of assets, reserve assets were recorded at 98.3 billion dollars, indicating a decrease of 11.5%, while other investments were recorded at 124.7 billion, indicating a 2.5% increase from the end of 2021,” the bank said.

Direct investment – equity and other capital – stood at $106.9 billion at the end of June, indicating a 23.4% decline from the end of the previous year, with the contribution of changes in the value market and exchange rates.

Portfolio investment fell 10.1% to $86.4 billion. Nonresidents’ holdings of equities fell 18.1% from the end of 2021 to $15.1 billion, while nonresidents’ holdings of government domestic debt securities (GDDS) fell by 56.8% to $1.5 billion.

Outstanding holdings of non-resident Eurobonds reached $44.5 billion, down 1.9%, the bank said.

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The total outstanding external loans of banks decreased by 6.7% since the end of last year to settle at 62.1 billion dollars, and the total outstanding external loans of other sectors established at $94.2 billion, down 2.7%.

turkish, economy,

Shirlene J. Manley