The net international investment position (IIP), the difference between external assets and liabilities, posted USD 343.5bn deficit , compared to USD 413.1bn deficit at the end of 2020, according to the Central Bank.
Meanwhile, the country’s external assets amounted to USD 249.9bn at April-end, down 4.4% from 2020.
The country’s liabilities against non-residents during the same period fell 9.1% to USD 593.5bn.
As a snapshot in time, the net IIP, which can be either positive or negative, is the value of overseas assets owned by a nation, minus the value of domestic assets owned by foreigners, including overseas assets and liabilities held by a nation’s government, private sector and its citizens.
Reserve assets, a sub-item under assets, were USD 88bn at the end of April, down 5.7% from the end of last year.
Other investments, another sub-item under assets, totaled USD 106.4bn, indicating an increase of 15.5% in the same period.
“Currency and deposits of banks, one of the sub-items of other investment, recorded USD 52.8bn, indicating an increase of 25.9% compared to the end of 2020” the Central Bank said.
On the liabilities side, direct investments – equity capital plus other capital – as of the end of April were USD 161.4bn, down 26.8%, including the effects of changes in market value and foreign exchange rates.
Non-residents’ foreign exchange deposits were USD 33.9bn, up 1.7% in April versus the end of 2020.
The bank added that TRY deposits rose 1.5%, recording USD 16 billion.
It said banks’ total external loan stock amounted to USD 66bn – up 2.8% – and total external loan stock of the other sectors was USD 97bn in the same period.
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