Net foreign exchange deficit of non-financial companies increased in December

According to data from the Central Bank of the Republic of Turkey (CBRT), in December 2022, non-financial companies’ foreign currency assets decreased by $4.197 billion and their liabilities decreased by $98 million compared to the month former. . In this context, the net exchange position gap increased by 4.1 billion dollars to 91.232 billion dollars.

The net exchange position gap decreased by 29 thousand 703 million dollars in December compared to the end of 2021.

When the distribution of assets is analyzed, in December 2022, compared to the previous month, deposits in national banks decreased by 4,560 million dollars, accounts receivable from exports decreased by 132 million dollars, while Foreign direct equity investments increased by $447 million and values ​​increased. for 48 million dollars.

In the same period, in the distribution of liabilities, domestic cash loans decreased by $1,788 million, while cash loans obtained from abroad and import debts increased by $1,511 million and $179 million. of dollars, respectively.

LOANS RECEIVED FROM FOREIGN INCREASE

In December of last year, compared to the previous month, short-term loans decreased by $294 million and long-term loans decreased by $1,493 million from the previous month. For their part, short-term loans increased by 1 trillion 388 million dollars and long-term loans increased by 301 million dollars in loans obtained from abroad.

In this period, short-term assets were 143 thousand 397 million dollars and short-term liabilities of 79 thousand 574 million dollars. The surplus of the short-term net foreign exchange position decreased by 5,738 million dollars to 63,823 million dollars.

The share of short-term liabilities in total liabilities was 31 percent. (AA)