Turkey’s international investment position data for February has been published

The Central Bank of the Republic of Turkey (CBRT) announced the International Investment Position (IIP) data for the February 2024 period.

Accordingly, Turkey’s foreign assets decreased by 2.4 percent to 320.2 billion dollars in February 2024 compared to the same month of the previous year, and its liabilities increased by 3.2 percent to 634.4 billion dollars. Thus, net IIP, defined as “the difference between Turkey’s foreign assets and liabilities”, was at the level of minus 314.2 billion dollars in February.

NET IIP WAS AT THE LEVEL OF MINUS 286.7 BILLION DOLLARS AT THE END OF 2023.

The reserve assets item decreased by 8.8 percent in February compared to the end of 2023, reaching 128.5 billion dollars, while other investments increased by 3.3 percent, reaching 126.2 billion dollars. During this period, banks’ effective and deposits in foreign currency and Turkish lira, which are sub-items of the other investments category, increased by 8.1 percent and were calculated as 50.4 billion dollars.

Direct investments (capital and other capital) increased by 11.3 percent to 176.3 billion dollars compared to the end of 2023, with the effect of changes in market value and exchange rate.

– PORTFOLIO INVESTMENTS AMOUNTED TO 102.5 BILLION DOLLARS

Portfolio investments increased by 6.9 percent on an annual basis as of the end of February, reaching 102.5 billion dollars.

In the same period, the stock stock of non-residents increased by 16.7 percent to 34.5 billion dollars, the stock of Government Domestic Debt Securities owned by non-residents increased by 6.2 percent to 2.8 billion dollars, and the Treasury’s bond stock (bonds purchased by residents of the country) increased by 6.2 percent to 2.8 billion dollars. (after deducting the stock) increased by 2.8 percent to 43.7 billion dollars.

Other investments decreased by 1.3 percent to 355.6 billion dollars in the relevant period. In the same period, foreign currency deposits of non-residents in domestic banks decreased by 3.2 percent to 41.8 billion dollars, while TL deposits increased by 9.1 percent to 18.6 billion dollars.

The credit stock of banks increased by 0.6 percent to 63.6 billion dollars, and the total credit stock of other sectors decreased by 1.9 percent to 99.2 billion dollars.