The revisions in Public Sector Credits and the change in the recording of Reserve Assets and Foreign Exchange Deposit Accounts held within the Central Bank of Turkey (CBRT)

 

In parallel with the announcement made on July 3, 2009 under the headings “Announcements About Future Changes”;

 

1-                 The balance of payments data for long-term loans received from abroad by the public sector have started to be compared with the records of the Republic of Turkey Prime Ministry Undersecretariat of Treasury starting from January 2008 and some missing transactions that were not determined previously have been revised accordingly.

 

2-                 Based on the studies regarding “Current Account / Income“ account, which should be recorded on an accrual basis in compliance with the balance of payments methodology, data for Reserve Assets and Foreign Exchange Deposit Accounts held within CBRT have been recorded on an accrual basis starting with January 2009.