Foreign Currency Deficit of Non-Financial Firms Decreased

Foreign Currency Deficit of Non-Financial Firms Decreased

The net foreign exchange deficit of non-financial firms decreased to 175 billion 128 million dollars at the end of last year. Central Bank of the Republic of Turkey (CBRT) has announced the companies' exchange assets and liabilities other than the financial sector data relating to December 2019 period. Foreign exchange assets of companies other than the financial sector increased by 308 million dollars and liabilities by 117 million dollars in December 2019 compared to the previous month. Net foreign exchange position deficit was realized as 175 billion 128 million dollars at the end of last year, and the deficit decreased by 191 million dollars compared to the previous month. When the distribution of assets in the period in question was analyzed, while domestic deposits decreased by $ 268 million compared to the previous month, direct capital investments and export receivables abroad increased by $ 283 million and $ 274 million, respectively. In the distribution of liabilities, compared to the previous month, cash loans from abroad decreased by $ 2 billion 433 million, while domestic loans and import debts increased by $ 732 million and $ 1 billion 818 million, respectively. Looking at the maturity structure of liabilities, short-term credits provided within the country in December 2019 decreased by $ 387 million compared to the previous month, while long-term ones increased by $ 119 billion. Short-term loans increased by $ 223 million, while long-term loans decreased by $ 838 million. In December 2019, short-term assets were 103 billion 994 million dollars and short-term liabilities were 94 billion 241 million dollars. The short term net foreign currency position surplus was 9 billion 753 million dollars. The share of short-term liabilities in total liabilities was 32 percent.