Foreign Currency Liabilities in the Real Sector at All-Time Highs

The Real Sector's Foreign Currency Liabilities Reach Record Levels

As of August 2023, Turkey's real sector has achieved a historic increase in foreign currency liabilities, reaching a significant turning point. Compared to July, foreign currency assets rose by 787 million dollars, showing a remarkable increase. However, foreign currency liabilities recorded a substantial increase of 3.8 billion dollars, marking a new record.

Net Foreign Currency Position Deficit

In the August 2023 period, the net foreign currency position deficit was 184.9 billion dollars. This figure represents an increase of 3 billion dollars compared to the July 2025 period. This situation draws attention as an indicator of the rising foreign currency responsibility in the local economy.

Changes in Asset and Liability Distribution

When examining the asset distribution in August 2023, direct capital investments abroad increased by 747 million dollars, export receivables rose by 405 million dollars, and securities showed an increase of 58 million dollars. On the other hand, derivative assets and deposits in domestic banks decreased by 246 million dollars and 176 million dollars, respectively.

In terms of liability distribution, cash loans provided from domestic sources increased by 2.024 million dollars, foreign loans rose by 1.852 million dollars, and derivative liabilities grew by 606 million dollars. Import debts, however, decreased by 694 million dollars. As a result, total liabilities showed an increase of 3.8 billion dollars.