The net foreign exchange deficit of non-financial companies increased

The net gap of the foreign exchange position of companies excluding the financial sector was 83 thousand 828 million dollars in June.

According to data from the Central Bank of the Republic of Turkey (CBRT), companies’ foreign exchange assets excluding the financial sector decreased by $4.883 billion and their liabilities decreased by $2.463 billion in June compared to the previous year. last year. month. In this context, the net gap in the exchange position increased by 2.42 billion dollars and reached 83.828 billion dollars.

When looking at asset allocation, while deposits and export receivables at domestic banks decreased by $3.41 billion and $1.97 billion, respectively, in June compared to the previous month, foreign direct equity investments and values ​​increased by $294 million. and $202 million, respectively.

In the same period, in the distribution of liabilities, debts for imports and internal and external cash loans decreased by 1,413 million dollars, 557 million dollars and 493 million dollars, respectively.

SHORT TERM ACCOUNTS PAYABLE

Regarding the maturity structure of the liabilities, short-term domestic loans in June increased by $394 million compared to May 2023, while long-term loans decreased by $951 million.

Short-term loans from abroad decreased by 1,000 million 30 million dollars, while long-term loans decreased by 877 million dollars.

In June, short-term assets amounted to 145 thousand 358 million dollars and short-term liabilities to 83 thousand 315 million dollars.

The net surplus of the short-term exchange position, for its part, decreased by 4 thousand 541 million dollars with respect to the previous month, with 62 thousand 44 million dollars. The participation of short-term liabilities in total liabilities was 33%. (AA)