Non-financial firms’ foreign currency deficit increased by $ 2 billion 676 million in November by

© Reuters. – According to the November report on Foreign Exchange Assets and Liabilities of Firms Excluding Financial Sector announced today by the CBRT, the net foreign exchange deficit of the non-financial sector increased by $ 2.676 million in November to $ 158.318 million.

When the Table of Foreign Exchange Assets and Liabilities of Non-Financial Companies for the period of November 2020 is evaluated; According to October 2020 data, assets decreased by $ 559 million, while liabilities increased by $ 2.117 million. Net Foreign Exchange Position Deficit increased by $ 2,676 million compared to the October 2020 period and reached $ 158,318 million.

When the asset distribution for November 2020 period is analyzed; Deposits in domestic banks decreased by $ 1,610 million compared to the previous month, while export receivables and direct capital investments abroad increased by $ 999 million and $ 192 million, respectively. As a result, assets decreased by $ 559 million.

In the distribution of liability; Domestic cash loans and import debt increased by $ 630 million and $ 1.499 million, respectively, while cash loans from abroad decreased by $ 12 million compared to the previous month. Accordingly, the liabilities increased by $ 2.117 million.

Looking at the maturity structure of the liabilities; In the November 2020 period, domestic short-term loans increased by $ 5 million compared to October 2020, while long-term loans increased by $ 625 million. Short-term loans increased by $ 1.094 million and long-term loans increased by $ 393 million in loans from abroad.

In the period of November 2020, short-term assets were $ 117,798 million, while short-term liabilities were $ 93,813 million. Short Term Net FX Position Excess was realized as 23.985 million dollars, decreasing by 1.850 million dollars compared to October 2020 period. The share of short-term liabilities in total liabilities is 32 percent.

Author: Necdet Erginsoy

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