Foreign Assets of Turkey Increase in March
As of the end of March 2017, foreign assets of Turkey increased by 0.9 percent compared to the end of 2016 and reached 216.2 billion dollars, while liabilities increased by 4.8 percent and then reached 597.6 billion dollars.
The Central Bank of the Republic of Turkey (TCMB in Turkish) announced the development of its international investment position in March 2017. According to this; International Investment Position (UYP in Turkish) data By the end of March 2017, Turkey's foreign assets increased by 0.9 percent compared to end-2016 and rose by 216.2 billion dollars, while liabilities increased by 4.8 percent to 597.6 billion dollars. Net international investment position, defined as the difference between Turkey's foreign assets and foreign liabilities, was -351.6 billion dollars at the end of 2016 and -381.4 billion dollars at the end of March 2017. When sub-assets class are analyzed, reserve assets decreased by 0.5 percent compared to the end of 2016 and realized and reached 105.7 billion dollars while other investments increased by 2.2 percent and reached 70 billion dollars. Foreign currency and Turkish lira and their deposits increased by 3.4 percent compared to end-2016 and were 30.8 billion dollars.
When the sub-items of liability are examined, direct investments (capital and other capital) have increased by 12.2 percent compared to end of the year 2016 with the effect of changes in market value and exchange rates, then reached 149.4 billion dollars.
The total credit stock of the banks increased by 0.1 percent to 88.4 billion dollars while the total credit stock of the other sectors increased by 0.3 percent to 100 billion dollars.