Turkey's international investment position deficiency decreases
Azerbaijan, Baku, July 23 / Trend, A.Taghiyeva /
Deficiency of the international investment position (IIP) of Turkey, reflecting the accumulated stocks of external financial assets and liabilities of the country for a certain period, totaled $352 billion in May 2012 compared to $380 billion in April, the Turkish Central Bank's website reports on Monday.
Reserve assets of Turkey increased by 1.4 percent in May and amounted to $180.4 billion.
Turkey's debt instruments abroad increased by 6.7 percent, amounting to $532.4 billion.
Direct foreign investments of Turkey increased by $312 million.
Deposits of the government in foreign currency and liras in May 2012 increased by 26.8 percent, compared to the same period of 2011 and amounted to $25.3 billion.
Portfolio investments of Turkey increased by $11.8 billion and amounted to $136.5 billion. Capital reserves of non-residents rose by 13 percent compared to the same period of 2011 and amounted to $44.2 billion.
Other international investments of Turkey not included in direct and portfolio investments, increased by $10.4 billion and amounted to $59.8 billion.