Assets in Turkey increased by USD 1 million, while liabilities decreased by USD 1,502 million in November 2019
According to the news published by Central Bank of Republic of Turkey, regarding the table of Foreign Exchange Assets and Liabilities of Non-Financial Companies as of November 2019, assets increased by USD 1 million while liabilities decreased by USD 1,502 million, compared to October 2019. Accordingly, Net Foreign Exchange Deficit recorded USD 175,947 million indicating a decrease of USD 1,503 million compared to October 2019.
On the asset side; deposits held by domestic banks decreased by USD 1,212 million, direct investments abroad and export receivables increased by USD 216 million and USD 947 million respectively, indicating an increase of USD 1 million in assets. On the liability side; domestic loans decreased by USD 2,350, while external loans (excluding trade credits) and import payables increased by USD 7 million and USD 841 million respectively compared to October 2019. Accordingly, liabilities recorded a decrease of USD 1,502 million.
In November 2019, short-term domestic loans increased by USD 149 million, while long-term domestic loans decreased by USD 2,499 million compared to October 2019. Short-term external loans increased by USD 741 million, while long-term external loans increased by USD 107 million.
In November 2019, short-term assets recorded USD 103,993 million while short-term liabilities recorded USD 94,446 million. Accordingly, Short-Term Foreign Exchange Surplus recorded USD 9,547 million indicating a decrease of USD 1,105 million compared to October 2019. The share of the short-term liabilities in total liabilities is 32 percent.
Source: Central Bank of Republic of Turkey / link: https://www.tcmb.gov.tr/wps/wcm/connect/en/tcmb+en/main+menu/statistics/monetary+and+financial+statistics/fx+assets+and+liabilities+of+nonfin+companies
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