NEWS Finance        20/04/2020

Turkey’s external assets reached USD 251.4 billion as of February 2020

The Turkish Central Bank (TCMB) has reported Turkey's external assets as USD 251.4 billion as of the end of February 2020, which is an 0.2% decrease on the figure as of 2019 yearend.

 

The Bank gave the following analysis of Turkey’s International Investment Position (IIP) as of February 2020:

 

International Investment Position Developments – February 2020

 

According to the International Investment Position (IIP) at the end of February 2020, external assets recorded USD 251.4 billion indicating a decrease of 0.2 percent compared to the end of 2019 and liabilities against non-residents recorded USD 584.2 billion indicating a decrease of 3.3 percent.

 

The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -332.8 billion at the end of February 2020, in comparison to USD -352.1 billion observed at the end of 2019.

 

As regards to sub-items under assets, at the end of February 2020, reserve assets recorded USD 107.7 billion indicating an increase of 2.1 percent, while other investment recorded USD 92.7 billion indicating a decrease of 3,3 percent compared to the end of 2019. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 44.8 billion indicating a decrease of 5.7 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 February 2020 recorded USD 155.6 billion indicating 6.4 percent decrease 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 4.4 percent and recorded USD 129.9 billion compared to the end of 2019. Non-residents’ equity holdings recorded USD 28.2 billion reflecting a decrease of 13.5 percent compared to the end of 2019. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 12.5 billion with a decrease of 18.9 percent. Outstanding eurobond holdings of non-residents posted USD 50.8 billion with an increase of 3.3 percent.

 

Other investment indicated a decrease of 1.1 percent to USD 298.7 billion compared to the end of 2019. FX deposits of non-residents held within the resident banks recorded USD 34.8 billion at the end of February 2020, reflecting an increase of 0.1 percent compared to the end of 2019, and TL deposits increased by 13.4 percent recording USD 15.5 billion.

 

Total external loan stock of the banks recorded USD 65.5 billion decreasing by 2.1 percent compared to the end of 2019, and total external loan stock of the other sectors recorded USD 96.4 billion decreasing by 1.9 percent.”

 



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