Decrease in the net foreign exchange deficit of non-financial companies

The net exchange position gap of companies excluding the financial sector was 86 thousand 798 million dollars in February.

According to data from the Central Bank of the Republic of Turkey (CBRT), non-financial companies’ foreign currency assets decreased by $2.704 billion and their liabilities decreased by $5.99 billion from the previous month.

In this context, the gap due to the net exchange position was reduced by 2 thousand 396 million dollars to 86 thousand 798 million dollars.

SHORT-TERM LOANS DECREASE US$1.1 BILLION

When analyzing the distribution of assets, deposits and accounts receivable from exports in national banks decreased by 2,278 million dollars and 871 million dollars, respectively, in February compared to the previous month, while foreign capital investments direct and values ​​increased by $322 million and $124 million. million dollars, respectively.

In the same period, in the distribution of liabilities, internal cash loans decreased by 3 thousand 87 million dollars, cash loans obtained from abroad decreased by 1 thousand 611 million dollars and import debts decreased by 401 million dollars. Dollars.

When observing the maturity structure of the liabilities, the short-term loans obtained in the country in February decreased by 1 thousand 13 million dollars, while the long-term loans decreased by 2 thousand 75 million dollars with respect to January 2023.

LONG-TERM LOANS DECREASE US$1.8 BILLION

Short-term loans from abroad decreased by 136 million dollars and long-term loans by 1,875 million dollars.

In February, short-term assets were 148,125 million dollars and short-term liabilities were 82,966 million dollars.

The surplus of the short-term net exchange position, for its part, decreased by 1 trillion 877 million dollars with respect to the previous month, with 65 trillion 158 million dollars. The share of short-term liabilities in total liabilities was 32 percent. (AA)