Türkiye’s external assets rose 4.2% month-on-month to $419.6 billion at the end of July, according to data released by the Turkish Central Bank on Friday.

The country’s liabilities to non-residents increased 1% over the same period, reaching $818.3 billion, The Caspian Post reports, citing Anadolu Agency.

Türkiye’s net international investment position, calculated as external assets minus liabilities, stood at minus $398.7 billion in July.

Central Bank reserve assets increased by $17 billion from the previous month to $164.4 billion.

Among other asset items, direct investments rose 0.8% to $81.8 billion, while financial derivatives increased 0.7% to $2.5 billion. Other investments, however, declined 0.5% to $161.7 billion.

Foreign currency deposits held by resident banks fell 6.9% month-on-month to $44.7 billion.

On the liabilities side, direct investments decreased 0.3% to $232.5 billion, while portfolio investments rose 3.5% to $160.2 billion.

Equities and investment fund shares held by non-residents increased 1% to $50.2 billion.

Financial derivative liabilities dropped 43% to $4 billion, while other investment liabilities increased 1.6% to $421.6 billion.