Turkey's international investment position data published

As of the end of September, Turkey's assets abroad were $294.2 billion and its liabilities abroad were $519.2 billion. The Central Bank of the Republic of Turkey (CBRT) announced the International Investment Position (IIP) data for the September 2022 period. Accordingly, in September, compared to the end of the previous year, Turkey's assets abroad increased by 2.1 percent to $294.2 billion, while its liabilities decreased by 4.5 percent to $519.2 billion. Thus, net IIP, defined as the difference between Turkey's assets and liabilities abroad, was minus $224.9 billion in September. Net IIP was minus $255.7 billion at the end of 2021. The reserve assets item decreased by 3.7 percent in September compared to the end of 2021 to $107.0 billion, while the other investments item increased by 5.0 percent to $127.8 billion. During this period, banks' foreign currency and Turkish lira denominated effective and deposits, which are sub-items of other investments, increased by 2.8 percent to $53.0 billion. Direct investments (capital and other capital) decreased by 16.1 percent in September compared to the end of 2021, due also to changes in market value and exchange rates, to $119 billion. Portfolio investments $84.6 billion Portfolio investments decreased by 11.9 percent in September compared to the end of 2021, to $84.6 billion. During the same period, the stock of stocks of foreign residents decreased by 4.6 percent to $17.6 billion, the stock of government securities owned by foreign residents decreased by 61.6 percent to $1.3 billion, and the Treasury's bond stock (after deducting the stock of bonds purchased by domestic residents) decreased by 8.7 percent to $41.4 billion. Other investments increased by 3.1 percent in September compared to the end of 2021, reaching $315.5 billion. During the same period, foreign currency deposits of non-residents in domestic banks increased by 10.2 percent to $38.4 billion, while TL deposits increased by 20.8 percent to $11.7 billion. While the total credit stock of banks decreased by 9.5 percent to $59.9 billion, the total credit stock of other sectors increased by 0.3 percent to $97.3 billion.