Turkey's assets abroad up in February

Turkey's assets abroad rose by 0.2 percent at the end of February compared to the end of 2012, reaching 214.7 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 214.7 billion USD and liabilities rose by 1.9 percent reaching 640.9 billion USD at the same period. Net international investment position (NIIP) which forms the gap between Turkey's assets abroad and liabilities, was recorded as -414.7 billion USD in the end of 2012, and the NIIP became -426.2 billion USD in February. In February 2013, the portfolio investments increased 3,5 billion USD, and non-resident Turkish citizens' stock of shares rose 0.5 percent to 70.3 billion USD compared to the end of 2012. Moreover, in February, the non-resident Turkish citizens' foreign exchange deposit accounts with letter of credit at the Central Bank were calculated as 7.6 billion USD.