International investment position gap of 224 billion dollars

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The Central Bank of the Republic of Turkey has published its International Investment Position Developments February 2022 report.

Accordingly, as of the end of February 2022, according to the International Investment Position (IYP) data, Turkey’s foreign assets are 288.1 billion dollars, with a decrease of 1.6 percent compared to the end of 2021, while its liabilities are 2 percent. It decreased by 0.0 percent to $ 512.1 billion.
Net IIP, which is defined as the difference between Turkey’s foreign assets and its liabilities abroad, was 229.7 billion dollars at the end of 2021, while the deficit was 224.0 billion dollars at the end of February 2022.

Reserve assets decreased

When the sub-items of assets are analyzed, reserve assets item decreased by 0.6 percent compared to the end of 2021 to 110.5 billion dollars, other investments item by 2 percent. It was $118.2 billion, down 0.3 percent. Banks’ foreign currency and Turkish lira effective deposits, which are among the other investments sub-items, increased by 1.7 percent and amounted to 52.4 billion dollars.
When the liabilities sub-items are analyzed, direct investments (capital and other capital) became 105.5 billion dollars with a decrease of 13.4% compared to the end of 2021 with the effect of changes in market value and exchange rates.

Portfolio investments decreased by 2.7 percent compared to the end of 2021 and became 93.4 billion dollars. The stock stock of non-residents decreased by 5.2 percent compared to the end of 2021 and became 17.5 billion dollars, while the stock of GDDS owned by non-residents decreased by 22.4 percent to 2.7 billion dollars, the Treasury’s bond stock (by domestic residents). after deducting the stock of bonds purchased) decreased by 0.3 percent to 45.2 billion dollars.

TL deposits increased

In the same period, other investments increased by 2.8 percent compared to the end of 2021 and reached 313.1 billion dollars. Foreign currency deposits of non-residents in domestic banks increased by 0.7 percent compared to the end of 2021 and became 35.1 billion dollars, while TL deposits increased by 26.0 percent and reached 12.2 billion dollars.
While the total loan stock of banks decreased by 1.2 percent to 65.8 billion dollars, the total loan stock of other sectors decreased by 0.3 percent to 96.4 billion dollars.

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