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Turkey's international investment position deficit grows by nearly 5 percent over year

Business Materials 20 May 2013 15:24 (UTC +04:00)
Turkey's international investment position (IIP) deficit, reflecting the accumulated stocks of external financial assets and liabilities of the country for a certain period, has increased by 4.6 percent to $433.8 billion in March 2013, compared to the same month in 2012, Turkey’s Central Bank reported on Monday.

Azerbaijan, Baku, 20 May / Trend A.Taghiyeva /

Turkey's international investment position (IIP) deficit, reflecting the accumulated stocks of external financial assets and liabilities of the country for a certain period, has increased by 4.6 percent to $433.8 billion in March 2013, compared to the same month in 2012, Turkey's Central Bank reported on Monday.

Foreign reserve assets of Turkey increased by 2.8 percent in March on an annual basis, reaching $219.7 billion.

Turkey's debt obligations abroad increased by four percent to $433.8 billion.

The country's portfolio investment increased by $10.5 billion in March, amounting to $245.1 billion. Capital reserves of non-residents increased by 2.2 percent to $185.2 billion.

Turkey's other international investments, not included in direct and portfolio investments, increased by $2 billion and amounted to $98 billion.

Its government deposits in foreign currencies increased by 2.9 percent during the reporting period to $34.8 billion. Deposits in lire declined by 10 percent to $21.7 billion.

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