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Deficit of international investment position of Turkey increases by almost 6 percent for year

Business Materials 24 November 2012 12:19 (UTC +04:00)
Turkey's international investment position (IIP) deficit has increased by 5.7 percent to $383.9 billion in June 2012, the Central Bank said on Friday.
Deficit of international investment position of Turkey increases by almost 6 percent for year

Azerbaijan, Baku, Nov 23 /Trend A.Taghiyeva/

Turkey's international investment position (IIP) deficit has increased by 5.7 percent to $383.9 billion in June 2012, the Central Bank said on Friday.

Reserve assets of Turkey increased by 13.3 percent in September on an annual basis, reaching $201.5 billion.

Its debt abroad increased by 17 percent to $585.3 billion.

Its portfolio investment increased by $41.5 billion in September, amounting to $223.3 billion. Capital reserves of non-residents increased by 48 percent to $55.5 billion.

Its other international investments increased by $13.2 billion and amounted to $101 billion.

Its government deposits in foreign currencies increased by 29 percent during the reporting period to $25.7 billion. Deposits in lira increased by 26.8 percent to $11.6 billion.

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