Turkey: International Reserves/Foreign Currency Liquidity Developments - February 2020

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1. Reporting Form for Presenting Data in the Template on International Reserves /Foreign Currency Liquidity (Information to be disclosed by the monetary authorities and other central government, excluding social security) (In Millions of US Dollars) I. Official reserve assets and other foreign currency assets (approximate market value) February 2020 A. Official reserve assets 1 107724 (1) Foreign currency reserves (in convertible foreign currencies) 75837 (a) Securities 39355 0 of which: issuer headquartered in reporting country but located abroad (b) total currency and deposits with: 36482 (i) other national central banks, BIS and IMF 33531 1 (ii) banks headquartered in the reporting country 1 of which: located abroad 2950 (iii) banks headquartered outside the reporting country 0 of which: located in the reporting country 154 (2) IMF reserve position 1322 (3) SDRs (4) gold (including gold deposits and, if appropriate, gold swapped) 30411 —volume in millions of fine troy ounces 18,469 (5) other reserve assets (specify) 0 —financial derivatives 0 —loans to nonbank nonresidents 0 —other B. Other foreign currency assets (specify) 0 2 0 —securities not included in official reserve assets 0 —deposits not included in official reserve assets 0 —loans not included in official reserve assets 0 —financial derivatives not included in official reserve assets 0 —gold not included in official reserve assets 0 —other 0 II. Predetermined short-term net drains on foreign currency assets (nominal value) Maturity breakdown (residual maturity) Total 1. Foreign currency loans, securities, and deposits Up to 1 month More than 1 and up to 3 months More than 3 months and up to 1 year -18147 -2065 -6416 -9666 Principal -13250 -1436 -5545 -6269 Interest -4897 -629 -871 -3397 Principal 0 0 0 0 Interest 0 0 0 0 2. Aggregate short and long positions in forwards and futures in foreign currencies vis-à-vis the domestic currency (including the forward leg of currency swaps) -25859 -18809 -1000 -6050 (a) Short positions ( - ) -25859 -18809 -1000 -6050 0 0 0 0 -1065 -1065 0 0 -2247 -2247 0 0 1182 1182 0 0 —outflows (-) —inflows (+) (b) Long positions (+) 3. Other (specify) —outflows related to repos (-) —inflows related to reverse repos (+) —trade credit (-) —trade credit (+) —other accounts payable (-) —other accounts receivable (+)
2. III . Contingent short-term net drains on foreign currency assets (nominal value) Maturity breakdown (residual maturity, where applicable) Total 1. Contingent liabilities in foreign currency (a) Collateral guarantees on debt falling due within 1 year Up to 1 month More than 1 and up to 3 months More than 3 months and up to 1 year -36739 -182 -244 -1514 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (a) Short position 0 0 0 0 (b) Long position 0 0 0 0 (a) Short position 0 0 0 0 (b) Long position 0 0 0 0 (a) Short position 0 0 0 0 (b) Long position 0 0 0 0 (a) Short position 0 0 0 0 (b) Long position 0 0 0 0 (a) Short position 0 0 0 0 (b) Long position 0 0 0 0 (a) Short position 0 0 0 0 (b) Long position 0 0 0 0 3 (b) Other contingent liabilities 2. Foreign currency securities issued with embedded options (puttable bonds) 3. Undrawn, unconditional credit lines provided by: -1940 -34799 0 (a) other national monetary authorities, BIS, IMF, and other international organizations —other national monetary authorities (+) —BIS (+) —IMF (+) —other international organizations (+) (b) with banks and other financial institutions headquartered in the reporting country (+) (c) with banks and other financial institutions headquartered outside the reporting country (+) 4. Undrawn, unconditional credit lines provided to: (a) other national monetary authorities, BIS, IMF, and other international organizations —other national monetary authorities (-) —BIS (-) —IMF (-) —other international organizations (-) (b) banks and other financial institutions headquartered in reporting country (- ) (c) banks and other financial institutions headquartered outside the reporting country ( - ) 5. Aggregate short and long positions of options in foreign currencies vis-àvis the domestic currency (a) Short positions (i) Bought puts (ii) Written calls (b) Long positions (i) Bought calls (ii) Written puts PRO MEMORIA: In-the-money options (1) At current exchange rate (2) + 5 % (depreciation of 5%) (3) - 5 % (appreciation of 5%) (4) +10 % (depreciation of 10%) (5) - 10 % (appreciation of 10%) (6) Other (specify)
3. IV . Memo items (1) To be reported with standard periodicity and timeliness: (a) short-term domestic currency debt indexed to the exchange rate 0 (b) financial instruments denominated in foreign currency and settled by other means (e.g., in domestic currency) 0 —derivatives (forwards, futures, or options contracts) 0 —short positions 0 —long positions —other instruments 0 (c) pledged assets —included in reserve assets —included in other foreign currency assets 0 (d) securities lent and on repo —lent or repoed and included in Section I —lent or repoed but not included in Section I —borrowed or acquired and included in Section I —borrowed or acquired but not included in Section I (e) financial derivative assets (net, marked to market) 0 —forwards —futures —swaps —options —other 0 (f) derivatives (forward, futures, or options contracts) that have a residual maturity greater than one year. —aggregate short and long positions in forwards and futures in foreign currencies vis-à-vis the domestic currency (including the forward leg of currency swaps) (a) short positions ( – ) 0 (b) long positions (+) 0 —aggregate short and long positions of options in foreign currencies vis-à-vis the domestic currency 0 (a) short positions (i) bought puts (ii) written calls 0 (b) long positions (i) bought calls (ii) written puts (2) To be disclosed at least once a year: (a) currency composition of reserves (by groups of currencies) 107724 —currencies in SDR basket 103218 —currencies not in SDR basket 4506 —by individual currencies (optional) Source: Central Bank of the Republic of Turkey, Republic of Turkey Ministry of Treasury and Finance Footnotes: 1. "I.A. Official Reserve Assets" item includes foreign currency transactions with non-residents as well as transactions with residents. 2. "Share Participations" and "Other Assets/Other" items in the balance sheet of the Central Bank are not liquid assets according to the IMF's reserve definition. Hence, they were excluded from "I.B. Other Foreign Currency Assets" section as of January 2013. 3. Commercial banks’ reserve requirements held at the Central Bank as foreign currency and gold are classified in section III-1-b of the template under 'contingent liabilities' as total. Standard gold held as required reserves recorded USD 6402 million in February 2020.