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Turkey's international investment position deficit increases by nearly 10 percent within a year

Business Materials 21 February 2013 16:01 (UTC +04:00)

Azerbaijan, Baku, 21 Feb. / 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 10 percent to $413.9 billion in December 2012, compared to the same month in 2011, the Central Bank said on Thursday.

Foreign reserve assets of Turkey increased by 20 percent in December on an annual basis, reaching $213.6 billion.

Its debt abroad increased by 26 percent to $627.5 billion.

Its portfolio investment increased by $ 69.6 billion in December, amounting to $253.8 billion. Capital reserves of non-residents increased by 30.8 percent to $ 119.2 billion.
Its other international investments, not included in direct and portfolio investments, increased by $ 1.1 billion and amounted to $ 98.7 billion.Turkey's inte

Its government deposits in foreign currencies increased by 67 percent during the reporting period to $62.7 billion.

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