As of the end of November, Turkiye’s foreign assets were $320.4 billion and its foreign liabilities were $585.1 billion.
The Central Bank of the Republic of Turkiye (CBRT) announced the International Investment Position (IIP) data for the November 2023 period.
Accordingly, compared to the end of November 2022, Turkiye’s foreign assets increased by 3.9% to $320.4 billion, and its liabilities decreased by 6.4% to $585.1 billion. Thus, net IIP, defined as the difference between Turkiye’s foreign assets and liabilities, was at the level of minus $264.7 billion in November.
Net IPP was at minus $317.1 billion at the end of 2022.
The reserve assets item increased by 6.2% compared to the end of 2022 in November, reaching $136.7 billion, and the other investments item decreased by 0.6%, reaching $120.1 billion. During this period, bank assets and deposits in foreign currency and Turkish lira, which are sub-items of other investments, increased by 3% and reached $46.3 billion.
Direct investments (capital and other capital) decreased by 32.1% to $138.9 billion in November compared to the end of 2022, due to the effects of changes in market value and exchange rates.
In the same period, the stock of non-residents increased by 4.7% to $30.1 billion, and the stock of Government Domestic Debt Securities (GDDS) owned by non-residents increased by 12.2% to $1.4 billion, and the Treasury’s bond stock (after deducting the bond stock purchased by domestic residents) increased by 4.7% to $43.9 billion.
Other investments reached $351.5 billion, an increase of 7.3% in the relevant period. In the same period, foreign currency deposits of non-residents in domestic banks decreased by 0.4% to $41.4 billion, while TL deposits increased by 18.5% to $16.7 billion.
While the credit stock of banks increased by 10.4% and reached $62.1 billion, the total credit stock of other sectors decreased by 1.4% to $99.8 billion.
Source: Patronlardunyasi / Prepared by Irem Yildiz