Net foreign exchange deficit of non-financial firms decreased
Net foreign exchange deficit of firms outside the financial sector decreased to USD 197 billion 845 million 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 2018 period.
FX assets of non-financial firms increased by $ 1 billion 102 million compared to the previous month and reached $ 118 billion 600 million, while foreign exchange liabilities decreased by $ 1 billion 66 million to $ 316 billion 445 million. Net foreign exchange position deficit decreased by 2 billion 168 million dollars in December compared to the previous month and decreased to 197 billion 845 million dollars.
When the asset distribution is analyzed in the said period, deposits in domestic banks and
foreign direct investment in capital increased by $ 1 billion 387 million and $ 153 million, respectively, while export receivables decreased by $ 459 million.
In the distribution of liabilities, cash loans provided from domestic markets decreased by 1 billion 15 million dollars while cash loans from abroad decreased by 150 million dollars and import debts increased by 99 million dollars.
Looking at the maturity structure of liabilities, domestic short-term credits increased by 1 billion 463 million dollars in December 2018 while long-term ones decreased by 2 billion 478 million dollars. While short-term loans increased by 2 billion dollars, long-term loans decreased by 2 billion 52 million dollars.
Short-term assets of the companies other than the financial sector in the range of 94 billion 776 million dollars, short-term liabilities was 90 billion 295 million dollars. Short term net foreign exchange position surplus amounted to 4 billion 481 million dollars. Short term net foreign exchange position surplus decreased by 2 billion 514 million dollars compared to the previous month. The share of short-term liabilities in total liabilities was 29 percent.
