Net foreign exchange deficit of companies outside the financial sector increased – Last Minute Economic News

Net foreign exchange deficit of companies outside the financial sector increased – Last Minute Economic News

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According to the Central Bank of the Republic of Turkey (CBRT) data, foreign exchange assets of companies outside the financial sector decreased by 3 billion 291 million dollars and liabilities by 2 billion 993 million dollars in January compared to the previous month. In this context, the net foreign exchange position deficit increased by 299 million dollars to 82 billion 620 million dollars.

When the asset distribution is examined, deposits in domestic banks decreased by 3 billion 624 million dollars compared to the previous month, while direct capital investments abroad, export receivables and securities increased by 242 million dollars, 73 million dollars and 17 million dollars, respectively.

In the same period, in the liability distribution, cash loans provided from abroad and import debts increased by 1 billion 386 million dollars and 848 million dollars, respectively, compared to the previous month, while domestic cash loans decreased by 249 million dollars.

Looking at the maturity structure of liabilities, cash loans provided from abroad and import debts decreased by 2 billion 23 million dollars and 1 billion 482 million dollars, respectively, in January compared to the previous month, while domestic cash loans increased by 512 million dollars.

Looking at the maturity structure of liabilities, short-term loans provided domestically in January increased by 192 million dollars and long-term loans by 320 million dollars compared to December 2023.

CREDITS RECEIVED FROM ABROAD INCREASED

As for loans provided from abroad, short-term loans decreased by 2 billion 100 million dollars and long-term loans decreased by 1 billion 406 million dollars.

In January 2024, short-term assets amounted to 148 billion 533 million dollars and short-term liabilities amounted to 89 billion 165 million dollars.

Short-Term Net Foreign Exchange Position Surplus decreased by 1 billion 626 million dollars in January compared to the previous month, reaching 59 billion 368 million dollars. The share of short-term liabilities in total liabilities was 35 percent.

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