Turkey's assets abroad up
ISTANBUL (AA) - July 19, 2012 - Turkey's assets abroad rose 1.4 percent in 2012 compared to 2011, reaching 180 billion USD.
According to the statement released by Central Bank of Turkey (CBT) that according to the figures of International Investment Position (IIP) Turkish assets abroad reached 180.4 billion USD and liabilities rose 6.7 percent reaching 532.4 billion USD in the end of May 2012 compared to the end of last year.
Net international investment position (NIIP) which forms the gap between Turkey's assets abroad and liabilities, was recorded as 321.2 billion USD in the end of 2011, and the NIIP rose to 352.0 billion USD in May 2012.
By the end of May, the portfolio investments increased to 11.8 billion USD compared to the end of 2011 and non-residents' stock of shares rose 13 percent to 44.2 billion USD in the end of 2011.
Moreover, by the end of May, the non-resident Turkish citizens' foreign exchange deposit accounts with letter of credit at the Central Bank were calculated as 8.9 billion USD.