Türkiye’s external assets rise to $406B on reserve gains
The Turkish Central Bank reported on Friday that Türkiye's external assets climbed to $406 billion in April, driven by a substantial increase in reserve holdings, even as the nation's total liabilities expanded and the net international investment position widened to minus $402.3 billion.
Türkiye's external assets rose to $406 billion as of April, driven by a sharp expansion in reserve holdings, according to international investment position data the Turkish Central Bank released on Friday.
Asset composition shifts
Reserve assets increased by $14.7 billion to reach $165.5 billion during the month, while direct investments abroad rose 0.8% month-on-month to $79.3 billion. Portfolio investments in equities and investment fund shares surged 19.3% to $51.7 billion, though foreign currency and deposit assets held by banks fell 9.6% to $47.6 billion and other investments declined 2.8% to $151 billion.
Liability expansion continues
Total liabilities increased 4.1% month-on-month to $808.3 billion, outpacing asset growth and pushing Türkiye's net international investment position to minus $402.3 billion. Direct investment liabilities rose 6.2% to $247.1 billion, while portfolio investment liabilities climbed 8.3% to $154.1 billion and other investment liabilities increased 1.5% to $407.1 billion, according to the central bank data.
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