...

Turkish international investments drop

Business Materials 23 December 2011 15:30 (UTC +04:00)

Azerbaijan, Baku, Dec. 23 / Trend A. Tagiyeva/

The Turkish international investment deficit reflecting the country's external financial assets and its liabilities for a definite period, decreased by 3.4 per cent as of January-October 2011 compared to the same period of last year. The figure hit $351 billion, the Turkish Central Bank statement published on its website, reported.

The deficit increased by 4.7 per cent in October compared to last month when the figure hit $15.6 billion.

The statement said that Turkey's external assets as of October 2011 decreased by 0.7 per cent, or by $1.3 billion and reached $178.7 billion compared to the same period last year.

Turkey's external liabilities decreased by 2.5 per cent, or by $13.5 billion. The figure hit $529.6 billion compared to the same period of last year.

Turkey's direct foreign investments as at October 2011, decreased by 15 per cent to $159 billion and the portfolio investment in October dropped by $4.2 billion.

The capital reserves of non-residents in October 2011 dropped by 25.1 per cent and hit $46 billion compared to the same period of last year.

The share of state securities in non-residents' assets increased by 14.1 per cent reaching $37.7 billion. The share of treasury bonds in October increased by 19 per cent and hit $27.2 billion.

Turkey's other international investments, not included in direct and portfolio investment, decreased by 12.8 per cent and hit $61.2 billion compared to the same period of last year.

Government's deposits in foreign currency in October increased by 41.1 per cent and reaching $22.5 billion compared to the same period of last year. The deposits in Turkish lira dropped by 47.7 per cent reaching $9.2 billion.

Latest

Latest