Non-Financial Companies' Net Foreign Exchange Deficit Rose in July

According to data announced by the Central Bank of the Republic of Turkey, the net foreign exchange position deficit of non-financial companies increased by $5 billion 27 million in July compared to the previous month, reaching $210 billion 802 million.

Distribution of Assets and Liabilities

In July, companies' foreign exchange assets increased by $2 billion 279 million compared to the previous month, while their liabilities rose by $7 billion 306 million.

Changes in Asset Items

Export receivables increased by $2 billion 175 million, deposits in domestic banks by $1 billion 74 million, and foreign direct investments by $607 million.

In the same period, derivative assets decreased by $1 billion 547 million and securities by $29 million.

Increases in Liability Items

In July, derivative liabilities increased by $3 billion 472 million and cash loans obtained domestically by $2 billion 80 million.

Import debts rose by $1 billion 147 million and cash loans obtained from abroad by $607 million.

Maturity Structure of Loans

Short-term loans obtained domestically increased by $220 million, and long-term loans by $1 billion 861 million.

Short-term loans obtained from abroad rose by $807 million, and long-term loans by $947 million.

Short-Term Net Foreign Exchange Position

Short-term assets were recorded at $151 billion 772 million, and short-term liabilities at $147 billion 397 million.

The short-term net foreign exchange position decreased by $2 billion 168 million in July compared to the previous month, falling to $4 billion 374 million, and the share of short-term liabilities was 37 percent.