As of the end of April, Turkiye’s foreign assets were $297.3 billion, and its liabilities abroad were $561.9 billion.
The Central Bank of the Republic of Turkiye (CBRT) announced the International Investment Position (IP) data for the period of April 2023.
Accordingly, in April compared to the end of 2022, Turkiye’s foreign assets decreased by 3.6% to $297.3 billion, while its liabilities decreased by 7.9% to $561.9 billion.
Thus, the net IIP, defined as the difference between Turkiye’s foreign assets and liabilities, stood at minus $264.5 billion in April. Net IIP stood at minus $301.5 billion at the end of 2022.
The reserve assets item decreased by 10.8% compared to the end of 2022 and amounted to $114.9 billion, while the other investments item increased by 0.3% to $121.1 billion.
Banks’ foreign currency and Turkish lira-denominated effective and deposits, which are among the sub-items of other investments, increased by 7.3% to $48.3 billion.
When the liabilities sub-items are analyzed, direct investments (capital and other capital) decreased by 30.5% compared to the end of 2022 and decreased to $131.7 billion with the effect of changes in market value and exchange rates.
Portfolio investments reached $87.3 billion
Portfolio investments decreased by 6.3% compared to the end of 2022 and decreased to $87.3 billion. The stock stock of non-residents decreased by 17.5% compared to the end of the year and became $23.7 billion, while the stock of GDDS owned by non-residents decreased by 12% to $1.1 billion and the Treasury’s bond stock (after deducting the stock of bonds purchased by residents) increased by 5.5% to $44.3 billion.
In the same period, other investments amounted to $342.9 billion, an increase of 4.8% compared to the end of 2022. Foreign currency deposits of non-residents in domestic banks increased by 1% compared to the end of 2022 and reached $42 billion, while TL deposits increased by 23.9% to $17.5 billion.
While the total loan stock of banks increased by 0.7% to $57.4 billion, the total loan stock of other sectors increased by 2.6% to $102.8 billion.
Source: Trthaber / Prepared by Irem Yildiz