Turkiye’s net international investment position, which is defined as the difference between foreign assets and liabilities, was minus $217.3 billion in July.
The Central Bank of the Republic of Turkiye (CBRT) announced the International Investment Position (IIP) data for the period of July 2022.
Accordingly, in July, compared to the end of last year, Turkiye’s foreign assets decreased by 0.3% to $287.3 billion, and its liabilities decreased by 7.3% to $504.6 billion. Thus, the net IIP, defined as the difference between Turkiye’s foreign assets and liabilities, stood at minus $217.3 billion in July.
Net IIP stood at minus $256 billion at the end of 2021
While the reserve assets item decreased by 8.9% compared to the end of 2021 to $101.3 billion in July, the other investments item increased by 4.9% to $127.6 billion. In this period, banks’ foreign currency and Turkish lira-denominated effective and deposits, which are among the sub-items of other investments, increased by 3.6% to $53.4 billion.
Direct investments (capital and other capital) decreased by 22.9% in July compared to the end of 2021, to $109.5 billion, due to the effects of changes in market value and exchange rates.
Portfolio investments were $84.9 billion
Portfolio investments fell by 11.6% in July compared to the end of 2021, to $84.9 billion. In the same period, the stock stock of non-residents decreased by 19.4% to $14.9 billion, while the stock of GDDS owned by non-residents decreased by 63.2% to $1.3 billion, and the Treasury’s bond stock (after deducting the stock of bonds purchased by residents) decreased by 4.1% to $43.5 billion.
Other investments increased by 1.3% compared to the end of 2021 in July to $ 310.3 billion. In the same period, foreign currency deposits of non-residents in domestic banks increased by 7.1% to $37.3 billion, while TL deposits increased by 12.7% to $10.9 billion.
The total loan stock of banks decreased by 8.6% to $60.9 billion, while the total loan stock of other sectors decreased by 0.9% to $96 billion.
Source: Trthaber / Translated by Irem Yildiz