July 21, 2022

International Investment Position Developments in Türkiye- May 2022

  • According to the International Investment Position (IIP) at the end of May 2022, external assets recorded USD 282.9 billion indicating a decrease of 1.9 percent compared to the end of 2021 and liabilities against non-residents recorded USD 509.0 billion indicating a decrease of 6.0 percent.
  • The net IIP, defined as the difference between Türkiye’s external assets and liabilities, posted USD -226.1 billion at the end of May 2022, in comparison to USD -253.2 billion observed at the end of 2021.
  • As regards to sub-items under assets, at the end of May 2022, reserve assets recorded USD 101.7 billion indicating a decrease of 8.5 percent, while other investment recorded USD 124.4 billion indicating an increase of  2.3 percent compared to the end of 2021. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 52.6 billion indicating an increase of 2.2 percent compared to the end of 2021.
  • As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of May 2022 recorded USD 109.7 billion indicating 21.2 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 9.3 percent and recorded USD 87.1 billion compared to the end of 2021. Non-residents’ equity holdings recorded USD 16.7 billion reflecting a decrease of 9.2 percent compared to the end of 2021. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 1.7 billion with a decrease of 51.7 percent. Outstanding eurobond holdings of nonresidents posted USD 42.8 billion with a decrease of 5.5 percent.
  • Other investment indicated an increase of 2.0 percent to USD 312.1 billion compared to the end of 2021. FX deposits of non-residents held within the resident banks recorded USD 36.4 billion at the end of May 2022, reflecting an increase of 4.5 percent compared to the end of 2021, and TL deposits increased by 16.2 percent recording USD 11.3 billion.
  • Total external loan stock of the banks recorded USD 63.7 billion decreasing by 4.1 percent compared to the end of 2021, and total external loan stock of the other sectors recorded USD 95.4 billion decreasing by 1.5 percent.

Source: Central Bank of the Republic of Türkiye
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