Turkey's foreign assets reached $419.6 billion at the end of July 2023, indicating a 4.2% increase compared to the previous month. This information was announced based on data released by the Central Bank of Turkey. During this period, Turkey's debts to non-residents also increased to $818.3 billion, which is 1% more than the previous month.
Turkey's International Investment Position
The net international investment position of Turkey, calculated as the difference between foreign assets and liabilities, reached negative $398.7 billion in July. This figure indicates an imbalance in the country's foreign investments and debts.
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On the other hand, the Central Bank's reserve assets also increased by $17 billion compared to the previous month, reaching $164.4 billion. This increase may indicate an improvement in the country's financial situation and an increase in confidence in Turkey's economic capabilities.
Changes in Types of Assets and Liabilities
Among other asset items, direct investments increased to $81.8 billion, showing a growth of 0.8%. Additionally, financial derivatives also increased by 0.7%, reaching $2.5 billion. However, other investments decreased by 0.5%, falling to $161.7 billion.
In the liabilities section, direct investments decreased by 0.3%, reaching $232.5 billion, while portfolio investments increased by 3.5%, reaching $160.2 billion. Moreover, the shares and stakes of investment funds held by non-residents increased by 1%, reaching $50.2 billion.
Among other changes, liabilities from financial derivatives decreased by 43% to $4 billion, while other liabilities increased by 1.6%, reaching $421.6 billion. These trends may indicate changes in Turkey's financial and investment policies.
