Financial Account – Muhasebe News https://www.muhasebenews.com Muhasebe News Tue, 14 Mar 2023 07:45:41 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 Direct investment of Türkiye recorded net inflow of USD 223 million https://www.muhasebenews.com/en/direct-investment-of-turkiye-recorded-net-inflow-of-usd-223-million/ https://www.muhasebenews.com/en/direct-investment-of-turkiye-recorded-net-inflow-of-usd-223-million/#respond Tue, 14 Mar 2023 07:45:41 +0000 https://www.muhasebenews.com/?p=139989 Balance of Payments Developments in Türkiye- January 2023

Current Account

  • In January, current account recorded deficit of USD 9,849 million. Gold and energy excluded current account indicated net surplus of USD 2,602 million.
  • Goods deficit recorded USD 12,431 million.
  • Services recorded a net surplus of USD 3,164 million. Under services, travel item recorded a net inflow of USD 2,454 million.
  • The outflows from primary income recorded USD 381 million and from secondary income indicated USD 201 million.

Financial Account

  • Direct investment recorded net inflow of USD 223 million.
  • Portfolio investment recorded a net inflow of USD 490 million. As regards to sub-items in liabilities, non-residents’ transactions on equity securities recorded net sales of USD 486 million, while government domestic debt securities recorded net purchases of USD 22 million.
  • Regarding the bond issues in international capital markets, General Government realized net borrowing of USD 2,750 million, while banks and other sectors realized net repayments of USD 690 million and USD 469 million, respectively.
  • Under other investment, Turkish banks’ currency and deposits within their foreign correspondent bank accounts increased by USD 4,058 million.
  • Non-resident banks’ deposit accounts held within domestic banks increased by USD 1,635 million, with a decrease of USD 2 million in foreign currency and an increase of USD 1,637 million in Turkish lira accounts.
  • Regarding the loans provided from abroad, General Government and banks realized net repayments of USD 103 million and USD 947 million respectively, while other sectors realized net borrowing of USD 548 million.
  • Official reserves decreased by USD 9,341 million.

Source: Central Bank of the Republic of Türkiye
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]]> https://www.muhasebenews.com/en/direct-investment-of-turkiye-recorded-net-inflow-of-usd-223-million/feed/ 0 The current account in Turkey posted USD 5,062 million deficit in April 2020 https://www.muhasebenews.com/en/the-current-account-in-turkey-posted-usd-5062-million-deficit-in-april-2020/ https://www.muhasebenews.com/en/the-current-account-in-turkey-posted-usd-5062-million-deficit-in-april-2020/#respond Fri, 12 Jun 2020 09:20:52 +0000 https://www.muhasebenews.com/?p=86522 Central Bank of the Republic of Turkey Balance of Payments Developments – April 2020

Current Account

  • The current account posted USD 5,062 million deficit compared to USD 469 million deficit observed in the same month of 2019, bringing the 12-month rolling deficit to USD 3,291 million.
  • This development is mainly driven by USD 2,279 million increase in the goods deficit recording net outflow of USD 3,810 million, as well as a net outflow of USD 240 million in the services item against a net inflow of USD 2,333 million observed in the same month of the previous year.
  • Gold and energy excluded current account indicated USD 3,315 million deficit, in comparison to USD 3,257 million surplus observed in the same month of the previous year.
  • Investment income under primary income account indicated a net outflow of USD 1,036 million, decreasing by USD 111 million compared to the same month of the previous year.
  • The secondary income recorded net inflow of USD 74 million compared to USD 13 million net outflow observed in the same month of the previous year.

Financial Account

  • Direct investment recorded a net outflow USD 133 million, compared to USD 433 million inflow observed in the same month of the previous year.
  • Portfolio investment recorded a net outflow of USD 2,365 million. As regards to sub-items through liabilities, both non-residents’ equity securities and government domestic debt securities transactions recorded net sales of USD 847 million and USD 1,013 million, respectively.
  • Regarding the bond issues in international capital markets, banks and other sectors realized net repayments of USD 1,030 million and USD 763 million, respectively.
  • Under other investment, banks’ currency and deposits within their foreign correspondent banks and nonresident banks’ deposits held within domestic banks increased by USD 2,262 million and USD 742 million on net basis, respectively.
  • Regarding the loans provided from abroad, banks, General Government and other sectors realized net repayments of USD 843 million, USD 70 million and USD 62 million, respectively.
  • Official reserves recorded net outflow of USD 8,605 million.

Source: Central Bank of the Republic of Turkey Link: https://www.tcmb.gov.tr/wps/wcm/connect/en/tcmb+en/main+menu/statistics/balance+of+payments+and+related+statistics/balance+of+payments+statisticss
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/the-current-account-in-turkey-posted-usd-5062-million-deficit-in-april-2020/feed/ 0 Turkey’s Balance of Payments: February 2017 https://www.muhasebenews.com/en/turkeys-balance-of-payments-february-2017/ https://www.muhasebenews.com/en/turkeys-balance-of-payments-february-2017/#respond Fri, 05 May 2017 09:09:25 +0000 https://www.muhasebenews.com/?p=15240 CURRENT ACCOUNT

  • The current accountdeficit recorded USD 2,527 million indicating an increase of USD 564 million compared to February of the previous year, bringing the 12-month rolling deficit to USD 33,747 million.
  • This development in the current account is mainly attributable to USD 546 million increase in the deficit ingoodsitem recording USD 2,491 million. On the other hand, in the same period secondary income net inflows recorded USD 154 million, decreasing by USD 230 million; while the services item net inflows recorded USD 519 million, increasing by USD 200 million.
  • Travel item, one of the main items under services, recorded a net inflow of USD 502 million increasing by USD 20 million compared to the same month of the previous year.
  • Investment incomeunder primary income item indicated a net outflow of USD 645 million decreasing by USD 26 million in comparison to February 2016.

FINANCIAL ACCOUNT

  • Direct investment recorded a net inflow of USD 270 million (increase in net liabilities) decreasing by USD 2 million compared to the same month of the previous year.
  • Portfolio investmentrecorded a net inflow of USD 907 million. As regards to subitems through liabilities, non-residents’ equity securities and government domestic debt securities transactions recorded net purchases of USD 331 million and USD 179 million, respectively.
  • Regarding the bond issuesin international capital markets, General Government  realized a net repayment of USD 335 million, while banks realized a net borrowing of USD 245 million.
  • Other investment recorded a net inflowof USD 2,010 million.
  • Under other investment, banks’currency and deposits within their foreign correspondent banks decreased by USD 1,625 million and nonresident banks’ deposits held within domestic banks increased by USD 936 million on a net basis.
  • Regarding the loans provided from abroad, General Government andother sectors were net borrowers in the amount of USD 135 million and USD 280 million, respectively while the banks realized a net repayment of USD 256 million.
  • Official reservesrecorded a net increase of USD 576 million.

Source: Central Bank of the Turkish Republic – February 2017

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

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