Posted 19.07.2012 09:21:42 UTC
Updated 19.07.2012 09:21:42 UTC
A Central Bank of Turkey (CBT) statement said, by referring the International Investment Position (IIP) figures that Turkey’s assets abroad reached $180.4 billion and liabilities rose 6.7 percent reaching $532.4 billion in the end of May 2012.
Net international investment position (NIIP) which forms the gap between Turkey's assets abroad and liabilities, was recorded as $321.2 billion in the end of 2011, and the NIIP rose to $352.0 billion in May 2012.
By the end of May, the portfolio investments increased to $11.8 billion compared to the end of 2011 and non-residents' stock of shares rose $13 percent to 44.2 billion 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.