NEWS Finance        21/06/2021

Turkey’s net international investment position is minus USD 343.5 billion in April 2021

The Turkish Central Bank (TCMB) has reported Turkey's net international investment position (IIP) as minus USD 343.5 billion at the end of April 2021, a deccrease of 16.8% on the net IIP of minus USD 413.1 billion recorded at the end of 2020.   

 

External assets were USD 249.9 billion at the end of April 2021, a 4.4% increase on the figure as of 2020 yearend.

 

Turkey's net international investment position (IIP) as minus USD 413.1 billion as of 2020 yearend, an increase of 20.7% on the net IIP of minus USD 342.2 billion recorded at the end of 2019.  External assets were USD 239.4 billion as of 2020 yearend, a 5.3% decrease on the figure as of 2019 yearend.

 

The Bank gave the following analysis of Turkey’s international investment position (IIP) as of April 2021:

 

International Investment Position Developments – April 2021

 

According to the International Investment Position (IIP) at the end of April 2021, external assets recorded USD 249.9 billion indicating an increase of 4.4 percent compared to the end of 2020 and liabilities against non-residents recorded USD 593.5 billion indicating a decrease of 9.1 percent.

 

The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -343.5 billion at the end of April 2021, in comparison to USD -413.1 billion observed at the end of 2020.

 

As regards to sub-items under assets, at the end of April 2021, reserve assets recorded USD 88.0 billion indicating a decrease of 5.7 percent, while other investment recorded USD 106.4 billion indicating an increase of 15.5 percent compared to the end of 2020. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 52.8 billion indicating an increase of 25.9 percent compared to the end of 2020.

 

As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of April 2021 recorded USD 161.4 billion indicating 26.8 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 6.5 percent and recorded USD 110.0 billion compared to the end of 2020. Non-residents’ equity holdings recorded USD 22.0 billion reflecting a decrease of 24.6 percent compared to the end of 2020. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 7.5 billion with a decrease of 13.0 percent. Outstanding euro bond holdings of non-residents posted USD 47.5 billion with an increase of 2.8 percent.

 

Other investment indicated an increase of 2.4 percent to USD 322.1 billion compared to the end of 2020. FX deposits of non-residents held within the resident banks recorded USD 33.9 billion at the end of April 2021, reflecting an increase of 1.7 percent compared to the end of 2020, and TL deposits increased by 1.5 percent recording USD 16.0 billion.

 

Total external loan stock of the banks recorded USD 66.0 billion increasing by 2.8 percent compared to the end of 2020, and total external loan stock of the other sectors recorded USD 97.0 billion.”



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