As of the end of November, Turkey’s foreign assets were calculated as 363 billion dollars and its foreign liabilities were calculated as 659.7 billion dollars.
The Central Bank of the Republic of Turkey (CBRT) announced the International Investment Position (IIP) data for the November 2024 period.
Accordingly, Turkey’s foreign assets decreased by 1.1 percent compared to the previous month, reaching 363 billion dollars in November 2024, and its liabilities increased by 0.5 percent, reaching 659.7 billion dollars. Thus, net IIP, defined as “the difference between Turkey’s foreign assets and liabilities”, decreased by 7.2 billion dollars in November and became minus 296.7 billion dollars.
The reserve assets item decreased by 1.3 percent compared to the previous month, reaching 157.7 billion dollars. When the assets sub-items are examined compared to the previous month, direct investments increased by 0.7 percent to 70.3 billion dollars and other investments decreased by 1.9 percent to 130.8 billion dollars.
Among the sub-items of other investments, banks’ assets and deposits in foreign currency and Turkish lira decreased by 1.8 percent to 47.8 billion dollars.
PORTFOLIO INVESTMENTS REACHED 121.9 BILLION DOLLARS
The direct investments item under liabilities increased by 0.8 percent compared to the previous month, reaching 179.6 billion dollars, due to the increase in the BIST 100 index despite the increase in foreign exchange rates.
When the liabilities sub-items are examined compared to the previous month, portfolio investments increased by 4.3 percent to 121.9 billion dollars and other investments decreased by 0.9 percent to 358.2 billion dollars.
The deposit liabilities of the Central Bank, one of the sub-items of other investments, decreased by 3.8 percent to 36.1 billion dollars.