Turkey's Hot Money Stock Rises to $308.9 Billion

According to Central Bank data, while a hot money inflow of $5.918 billion was recorded throughout the year, an outflow of $16.647 billion in the 'net errors and omissions' category led to a total net outflow of $10.729 billion.
This shift follows a net inflow of $24.1 billion in the previous year.
The change was influenced by global financial conditions and the withdrawal of $11.8 billion from short-term deposit accounts within the Central Bank.
Distribution by Investment Instruments Foreign investors' preferences in 2025 were primarily focused on debt instruments.
Out of a total of $10.2 billion invested in Turkish financial assets, $3.5 billion went to bank issuances, $3.5 billion to general government bonds, and $3.1 billion to private sector debt instruments.
On the Borsa Istanbul side, foreign investors maintained a net buyer position.
With net purchases of $1.9 billion in private sector shares and $117 million in bank shares, total portfolio inflows reached $12.3 billion.
Total Stock Value and Portfolio Structure According to international investment position data, despite the net outflows, the market value of foreign hot money stocks in Turkey increased.
The stock value, which was $306.7 billion at the end of 2024, rose by $2.2 billion to reach $308.9 billion by the end of 2025.
Portfolio investments accounted for $135.4 billion of this stock, consisting of $101.9 billion in debt instruments and $33.6 billion in equity assets.
The distribution of equity assets included $28.3 billion in corporate shares and $5.3 billion in bank shares.