The international investment position gap widened in April

The Central Bank of the Republic of Turkey (CBRT) announced the data for the April 2022 period on the evolution of the international investment position (IIP).

As of the end of April 2023, according to the International Investment Position (IYP) data, Turkey’s foreign assets amount to $297.3 billion with a decrease of 3.6% compared to the end of 2022, while its liabilities amount to 561,900 million dollars with a decrease of 7.9%. took place as

Net IIP, which is defined as the difference between Turkey’s foreign assets and its foreign liabilities, was -301.5 billion USD at the end of 2022 and reached -264.5 billion USD at the end of April 2023.

DIRECT INVESTMENTS DECREASED

When the asset sub-items are analyzed, the reserve assets item decreased by 10.8 percent compared to the end of 2022 and was realized in 114.900 million dollars, while the item of other investments increased by 0.3 percent. cent and became 121.1 billion dollars. Banks’ cash and deposits in foreign currency and Turkish lira, which are among the other investment subheadings, rose 7.3 percent to $48.3 billion.

When the liability subheadings are analyzed, direct investments (capital and other capital) were made for 131.7 billion dollars with a decrease of 30.5 percent compared to the end of 2022 due to the effect of changes in the value of market and exchange rates.

CURRENCY DEPOSIT INCREASED

Portfolio investments decreased 6.3 percent compared to the end of 2022 and reached 87.3 billion dollars. While the stock of non-resident shares decreased by 17.5 percent compared to the end of 2022 to $23.7 billion, the stock of GDDS owned by non-residents decreased by 12.0 percent to $1.1 billion. In dollars, the stock of Treasury bonds (by domestic residents) (after deducting the stock of purchased bonds) rose 5.5 percent to $44.3 billion.

In the same period, other investments increased by 4.8% compared to the end of 2022 and amounted to $342.9 billion. Foreign currency deposits of non-residents in domestic banks increased 1.0 percent compared to the end of 2022 and became US$42 billion, while TL deposits increased 23.9 percent to US$17.5 billion. Dollars.

While banks’ total loan stock rose 0.7 percent to $57.4 billion, other sectors’ total loan stock increased 2.6 percent to $102.8 billion.