Net IIP, defined as the difference between Turkey’s foreign assets and liabilities abroad, was minus 316.7 billion dollars at the end of 2022, while it was minus 298.3 billion dollars at the end of September 2023.
When the assets sub-items are examined, the reserve assets item decreased by 5.1 percent compared to the end of 2022, reaching 122.2 billion dollars, and the other investments item decreased by 1.4 percent, reaching 119.1 billion dollars.
Among the sub-items of other investments, banks’ assets and deposits in Foreign Currency and Turkish Lira increased by 3.1 percent and reached 46.4 billion dollars.
When the sub-items of liabilities are examined, direct investments (capital and other capital) decreased by 20.2 percent compared to the end of 2022, reaching 163.3 billion dollars, due to the effects of changes in market value and exchange rates.
Portfolio investments increased by 3.5 percent compared to the end of 2022, reaching 96.6 billion dollars.
FOREIGN STOCK STOCK INCREASED
While the stock stock of non-residents increased by 11.4 percent compared to the end of 2022, reaching 32.1 billion dollars, the stock of GDDS owned by non-residents decreased by 7.3 percent, reaching 1.2 billion dollars, and the bond stock of the Treasury (owned by domestic residents). (after deducting the bond stock purchased) increased by 4.7 percent to 43.9 billion dollars.
In the same period, other investments increased by 4.7 percent compared to the end of 2022 and reached 342.5 billion dollars.
Foreign currency deposits of non-residents in domestic banks decreased by 2.9 percent compared to the end of 2022, reaching 40.4 billion dollars, while TL deposits increased by 12.3 percent, reaching 15.9 billion dollars.
While the total credit stock of banks increased by 7.7 percent and reached 60.2 billion dollars, the total credit stock of other sectors decreased by 0.8 percent and reached 100.3 billion dollars.