As of the end of August, Turkiye’s foreign assets were $305.1 billion and its foreign liabilities were $608.2 billion.
The Central Bank of the Republic of Turkiye announced the International Investment Position (IYP) data for the period of August 2023.
Accordingly, in August, compared to the end of 2022, Turkiye’s foreign assets decreased by 1.1% to $305.1 billion, and its liabilities decreased by 2.6% to $608.2 billion. Thus, net IYP, defined as the difference between Turkiye’s foreign assets and liabilities, was at the level of minus $303.1 billion in August.
Net IYP was at minus $316.3 billion at the end of 2022.
The reserve assets item decreased by 9.4% compared to the end of 2022 in August, reaching $116.6 billion, while the other investments item increased by 4.1%, reaching $125.8 billion. During this period, bank assets and deposits in foreign currency and Turkish lira, which are sub-items of other investments, increased by 11.8% and reached $50.3 billion.
Direct investments (capital and other capital) decreased by 16.9% to $169.9 billion in August compared to the end of 2022, due to the effects of changes in market value and exchange rates.
Portfolio investments reached $94.7 billion
Portfolio investments increased by 1.5% in August compared to the end of 2022, reaching $94.7 billion.
In the same period, the stock of non-residents increased by 10.2% to $31.7 billion. The stock of GDDS owned by non-residents decreased by 5.3% to $1.2 billion, and the Treasury’s bond stock (after deducting the bond stock purchased by residents) increased by 3.3% to $43.3 billion.
Other investments reached $343.6 billion with an increase of 5.1% in the relevant period. In the same period, foreign currency deposits of non-residents in domestic banks increased by 0.5% to $41.8 billion, and TL deposits increased by 10.5% to $15.6 billion.
While the total credit stock of banks increased by 4.1% to $58.6 billion, the total credit stock of other sectors decreased by 0.3% to $100.2 billion.
Source: Trthaber / Prepared by Irem Yildiz