Turkey: International Reserves/Foreign Currency Liquidity Developments - September 2017

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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) September 2017 A. Official reserve assets (1) Foreign currency reserves (in convertible foreign currencies) 111940 89977 (a) Securities 76458 of which: issuer headquartered in reporting country but located abroad 0 (b) total currency and deposits with: (i) other national central banks, BIS and IMF 13519 11823 (ii) banks headquartered in the reporting country of which: located abroad (iii) banks headquartered outside the reporting country of which: located in the reporting country (2) IMF reserve position (3) SDRs (4) gold (including gold deposits and, if appropriate, gold swapped) —volume in millions of fine troy ounces 2 2 1694 0 159 1363 20441 15,907 (5) other reserve assets (specify) —financial derivatives 0 —loans to nonbank nonresidents —other B. Other foreign currency assets (specify) 1 —securities not included in official reserve assets —deposits not included in official reserve assets —loans not included in official reserve assets —financial derivatives not included in official reserve assets —gold not included in official reserve assets —other 0 0 0 0 0 0 0 0 0 0 II. Predetermined short-term net drains on foreign currency assets (nominal value) Maturity breakdown (residual maturity) More than More than Up to 1 3 months 1 and up to month and up to 3 months 1 year Total 1. Foreign currency loans, securities, and deposits —outflows (-) —inflows (+) 2 Principal Interest Principal Interest -11354 -1189 -1718 -8447 -7200 -856 -1222 -5122 -4154 -333 -496 -3325 0 0 0 0 0 0 0 0 -601 0 -300 -301 0 0 0 0 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) (a) Short positions ( - ) (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) Up to 1 month Total 1. Contingent liabilities in foreign currency (a) Collateral guarantees on debt falling due within 1 year 3 (b) Other contingent liabilities 2. Foreign currency securities issued with embedded options (puttable bonds) 3. Undrawn, unconditional credit lines provided by: (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-à-vis 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 (a) Short position (b) Long position (2) + 5 % (depreciation of 5%) (a) Short position (b) Long position (3) - 5 % (appreciation of 5%) (a) Short position (b) Long position (4) +10 % (depreciation of 10%) (a) Short position (b) Long position (5) - 10 % (appreciation of 10%) (a) Short position (b) Long position (6) Other (specify) (a) Short position (b) Long position More than More than 1 and up 3 months to 3 and up to months 1 year -64072 -1461 -113 -309 -1039 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -62611 0
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) —short positions —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 0 (e) financial derivative assets (net, marked to market) —forwards —futures —swaps —options —other (f) derivatives (forward, futures, or options contracts) that have a residual maturity greater than one year. 0 —aggregate short and long positions in forwards and futures in foreign currencies vis-à-vis the domestic currency (including the forward leg of currency sw (a) short positions ( – ) 0 0 (b) long positions (+) —aggregate short and long positions of options in foreign currencies vis-à-vis the domestic currency (a) short positions 0 (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) 111940 —currencies in SDR basket 110522 1418 —currencies not in SDR basket —by individual currencies (optional) Source: Central Bank of the Republic of Turkey, Undersecretariat of Treasury. Footnotes: 1. "Share Participations" and "Other Assets/Other" items under the balance sheet of the Central Bank, which comprised "I.B. Other Foreign Currency Assets" section, are not liquid assets according to the IMF's reserve definition. Hence, they were excluded from above-mentioned section as of January 2013, but still kept in the books of the Central Bank of Turkey. 2. Foreign Exchange Deposit Accounts with Credit Letters of Turkish citizens residing abroad held in Central Bank with remaining maturity of one year or less are reported in section II-1 of the template as predetermined drains with principal and interest payments breakdown. 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 “other contingent liabilities” as total. Standard gold held as required reserves recorded USD 13525 million in September 2017.