Turkey’s International Investment Position Improves in June 2023: CBRT Data

The Central Bank of the Republic of Turkey (CBRT) has shared the International Investment Position Developments for the month of June 2023.

According to the International Investment Position (IIP) data, as of the end of June 2023, Turkey’s foreign assets decreased by 4.8% compared to the end of 2022, reaching 293.5 billion US dollars. Its foreign liabilities also decreased by 10.4%, reaching 546.4 billion US dollars.

The net IIP, defined as the difference between Turkey’s foreign assets and foreign liabilities, was -252.9 billion US dollars at the end of June 2023, compared to -301.6 billion US dollars at the end of 2022.

In May, the net IIP was recorded as minus 294.6 billion dollars.