The Turkish Central Bank (TCMB) has reported Turkey's external assets as USD 227.3 billion as of the end of June 2020, which is a 10.3% decrease on the figure as of 2019 yearend.
The Bank gave the following analysis of Turkey’s international investment position (IIP) as of June 2020:
“International Investment Position Developments – June 2020
According to the International Investment Position (IIP) at the end of June 2020, external assets recorded USD 227.3 billion indicating a decrease of 10.3 percent compared to the end of 2019 and liabilities against non-residents recorded USD 568.9 billion indicating a decrease of 4.7 percent.
The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -341.5 billion at the end of June 2020, in comparison to USD -343.5 billion observed at the end of 2019.
As regards to sub-items under assets, at the end of June 2020, reserve assets recorded USD 86.3 billion indicating a decrease of 18.3 percent, while other investment recorded USD 87.7 billion indicating a decrease of 7.7 percent compared to the end of 2019. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 47.8 billion indicating an increase of 0.7 percent compared to the end of 2019.
As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of June 2020 recorded USD 162.6 billion indicating 1.6 percent increase in comparison to the end of the previous year, with the contribution of the changes in the market value and foreign exchange rates.
Portfolio investment decreased by 17.2 percent and recorded USD 112.5 billion compared to the end of 2019. Non-residents’ equity holdings recorded USD 24.7 billion reflecting a decrease of 24.3 percent compared to the end of 2019. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 7.3 billion with a decrease of 52.8 percent. Outstanding euro bond holdings of non-residents posted USD 46.0 billion with a decrease of 6.5 percent.
Other investment indicated a decrease of 2.4 percent to USD 293.8 billion compared to the end of 2019. FX deposits of non-residents held within the resident banks recorded USD 31.1 billion at the end of June 2020, reflecting a decrease of 10.6 percent compared to the end of 2019, and TL deposits increased by 15.3 percent recording USD 15.7 billion.
Total external loan stock of the banks recorded USD 63.1 billion decreasing by 6.0 percent compared to the end of 2019, and total external loan stock of the other sectors recorded USD 93.3 billion decreasing by 3.6 percent.”