The net international investment position (NIIP), defined as the difference between external assets and liabilities, posted a USD 224bn deficit in February, according to the Central Bank. The figure was USD 229.7bn at the end of 2021. Turkey’s external assets were worth USD 288.1bn in February, down 1.6% from the end of last year. Liabilities...
Tag: USD
Post
Post
Short-term foreign debt at USD 125.5bn in January
Turkey’s short-term foreign debt stock totaled USD 125.5bn as of the end of January, according to the Central Bank. The external debt due to be paid over the next 12 months increased 4.3% from the end-2021, the bank said in a statement. In this period, lenders’ short-term external debt stock rose 2.9% to USD 53bn,...
Post
Short-term external debt stock at USD 125.6bn in December 2021
Short-term external debt stock in Turkey increased by 10.2% to USD 125.6bn as of the end of December 2021 as compared to the end of 2020, according to the Central Bank. The Central Bank said the banks’ short-term external debt stock surged by 9.7% to USD 51.8bn in this period. The bank also added that...
Post
Private sector’s external debt down by USD 3.6bn in December 2021
The private sector’s total outstanding loans received from abroad dropped by USD 3.6bn to USD 169.4bn in December 2021, as compared to the end of 2020, according to the Central Bank. The short-term loans — excluding trade credits — of the sector received from abroad amounted to USD 7.8bn, down USD 1.8bn from a year...
Post
Steps to calm TRY crisis, bolster FX reserves: Reuters
Responding to an exchange rate crisis and spiralling inflation, Turkey’s government has implemented a series of measures during the past month to persuade savers, banks and companies to hold more lira rather than foreign currency. Some analysts have described the laws and regulations as soft capital controls. The Turkish authorities have also introduced a scheme...
Post
TRY Rout Imperils One of the Best Bets in Emerging Markets
BY BLOOMBERG The TRY’s slump this month threatens to derail a rally in Turkish corporate bonds that’s handed investors some of the richest returns in emerging markets. The debt, offering returns of 4.4% in 2021, was the second-worst performer in developing nations after President Recep Tayyip Erdogan sacked three central bankers last week. As TRY tumbled, the...