The Central Bank of the Republic of Turkey (CBRT) announced the International Investment Position (IYP) data for the July 2023 period.

Accordingly, compared to the end of July 2022, Turkey’s foreign assets decreased by 3.1 percent to 298.7 billion dollars, and its liabilities decreased by 5.7 percent to 588.9 billion dollars. Thus, net IIP, defined as the difference between Turkey’s foreign assets and liabilities, was minus 290.2 billion dollars in July.

Net IYP was at minus 316.1 billion dollars at the end of 2022.

The reserve assets item decreased by 13.3 percent compared to the end of 2022 in July, reaching 111.6 billion dollars, and the other investments item increased by 3.3 percent, reaching 124.9 billion dollars. During this period, bank assets and deposits in foreign currency and Turkish lira, which are sub-items of other investments, increased by 11.7 percent and reached 50.2 billion dollars.

Direct investments (capital and other capital) decreased by 24.3 percent to 154.6 billion dollars in February compared to the end of 2022, due to the effects of changes in market value and exchange rates.

Portfolio investments reached 89.9 billion dollars

Portfolio investments decreased by 3.6 percent in July compared to the end of 2022, falling to 89.9 billion dollars.

In the same period, the stock stock of non-residents decreased by 2.3 percent to 28.1 billion dollars, the stock of government securities owned by non-residents decreased by 32 percent to 800 million dollars, and the bond stock of the Treasury (after deducting the bond stock purchased by residents) decreased by 1 percent. It increased by 5 to 42.6 billion dollars.

Other investments increased by 5.4 percent in the relevant period, reaching 344.3 billion dollars. In the same period, foreign currency deposits of non-residents in domestic banks increased by 2.6 percent to 42.7 billion dollars, and TL deposits increased by 4.4 percent to 14.7 billion dollars.

While the total credit stock of banks increased by 2.9 percent to 57.9 billion dollars, the total credit stock of other sectors increased by 0.2 percent to 100.6 billion dollars.

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