ISTANBUL
Turkey's assets abroad rose by 20 percent at the end of 2012 compared to the end of 2011, reaching 213.9 billion USD.
According to a statement released by Central Bank of Turkey (CBT) on Thursday, according to the figures of International Investment Position (IIP) Turkish assets abroad reached 213.9 billion USD and liabilities rose by 26 percent reaching 627.5 billion USD in the end of 2012 compared to the end of last year.
Net international investment position (NIIP) which forms the gap between Turkey's assets abroad and liabilities, was recorded as -320.2 billion USD in the end of 2011, and the NIIP rose to -413.9 billion USD at the end of 2012.
By the end of 2012, the portfolio investments increased 69,6 billion USD, and non-resident Turkish citizens' stock of shares rose 80.4 percent to 70.6 billion USD compared to the end of 2011.
Moreover, by the end of 2012, the non-resident Turkish citizens' foreign exchange deposit accounts with letter of credit at the Central Bank were calculated as 7.7 billion USD.
