Turkey’s international investment position data published

As of the end of May, Turkey’s foreign assets amounted to 255 billion dollars, and its foreign liabilities amounted to 582 billion dollars.

The Central Bank of the Republic of Turkey (CBRT) announced the International Investment Position (IIP) data for the period of May 2021.

Accordingly, as of the end of May, Turkey’s foreign assets amounted to 255 billion dollars with an increase of 6.5 percent compared to the end of 2020, while its liabilities amounted to 582 billion dollars with a decrease of 10.8 percent.

The net IIP, defined as the difference between Turkey’s foreign assets and liabilities, stood at minus $327 billion in May. Net IIP stood at minus $413 billion at the end of 2020.

In the same period, the reserve assets item decreased by 1.3 percent to 92 billion dollars, while the other investments item increased by 16.2 percent to 107 billion dollars.

Banks’ foreign currency and Turkish lira denominated effective and deposits, which are among the other investments sub-items, increased by 27.3 percent to $53.3 billion.

Direct investments (capital and other capital) amounted to 147.7 billion dollars with a decrease of 33 percent compared to the end of 2020, with the effect of changes in market value and exchange rates.

Portfolio investments $109.3 billion

Portfolio investments decreased by 7.1 percent in May compared to the end of 2020, to $109.3 billion. In the same period, the stock stock of non-residents decreased by 26.7 percent to 21.4 billion dollars, while the stock of GDDS owned by non-residents decreased by 12.4 percent to 7.5 billion dollars, while the bond stock of the Treasury (bond stock purchased by domestic residents) decreased. (after deduction) rose 0.6 percent to $46.4 billion.

Other investments amounted to $324.9 billion, an increase of 3.4 percent compared to the end of last year. Foreign currency deposits of non-residents in domestic banks increased by 5 percent compared to the end of 2020 and rose to 35 billion dollars, while TL deposits decreased by 1 percent to 15.6 billion dollars.

The total loan stock of banks increased by 2.1 percent to 65.5 billion dollars, while the total loan stock of other sectors increased by 3.6 percent to 100.2 billion dollars.

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