April 30 ,2024

International Investment Position Developments of Türkiye – February 2024

  • According to the International Investment Position (IIP) at the end of February 2024, external assets recorded USD 320.2 billion indicating a decrease of 2.4 percent compared to the end of 2023 and liabilities against non-residents recorded USD 634.4 billion indicating an increase of 3.2 percent.
  • The net IIP, defined as the difference between Türkiye’s external assets and liabilities, posted USD -314.2 billion at the end of February 2024, in comparison to USD -286.7 billion observed at the end of 2023.
  • As regards to sub-items under assets, at the end of February 2024, reserve assets recorded USD 128.5 billion indicating a decrease of 8.8 percent, while other investment recorded USD 126.2 billion indicating an increase of  3.3 percent compared to the end of 2023. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 50.4 billion indicating an increase of 8.1 percent compared to the end of 2023.
  • As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of February 2024 recorded USD 176.3 billion indicating 11.3 percent increase 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 increased by 6.9 percent and recorded USD 102.5 billion compared to the end of 2023. Non-residents’ equity holdings recorded USD 34.5 billion reflecting an increase of 16.7 percent compared to the end of 2023. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 2.8 billion with an increase of 6.2 percent. Outstanding eurobond holdings of nonresidents posted USD 43.7 billion with an increase of 2.8 percent.
  • Other investment indicated a decrease of 1.3 percent to USD 355.6 billion compared to the end of 2023. FX deposits of non-residents held within the resident banks recorded USD 41.8 billion at the end of February 2024, reflecting a decrease of 3.2 percent compared to the end of 2023, and TL deposits increased by 9.1 percent recording USD 18.6 billion.
  • Total external loan stock of the banks recorded USD 63.6 billion increasing by 0.6 percent compared to the end of 2023, and total external loan stock of the other sectors recorded USD 99.2 billion decreasing by 1.9 percent.

Source: Central Bank of the Republic of Türkiye
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