Türkiye's external assets reach $378B in March

ISTANBUL

Türkiye's external assets totaled $377.9 billion as of the end of March, up 3.1% year-on-year, official figures from the Central Bank showed on Wednesday.

The country's liabilities against non-residents were at $648 billion, down 2.1% compared to March last year, the bank said.

Türkiye’s net international investment position (NIIP) – assets minus liabilities – was at minus $270.1 billion, down 8.5% on an annual basis in March.

As for sub-items under assets, direct investments were at $73.3 billion, rising 3%, while other investments totaled $143.8 billion, down 5.7%.

Reserve asset items were at $156.5 billion in March, up 0.9% compared to the previous year, while portfolio investments totaled $4.2 billion, up 6.8%.

Foreign exchange deposits of resident banks held abroad were at $44.8 billion, reflecting an increase of 13.8% year-on-year.

As for sub-items under liabilities, direct investments under liabilities posted $165.1 billion by the end of March, falling 9.2%.

Portfolio investments under liabilities declined 3.6% on an annual basis to $120.2 billion, while other investments rose 2.1% to reach $362.7 billion.