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FinancialNews
21-04-20
External assets hit USD251.4 billion as of this February: Turkey
(MENAFN) According to the Turkish Central Bank, Turkey's external assets stood at USD251.4 billion as of this February, dropping 0.2 percent from the end of last year.
Turkey's liabilities against non-residents also decreased 3.3 percent to reach USD584.2 billion during the same period.
As said by the bank, "the NIIP [net international investment position], defined as the difference between Turkey's external assets and liabilities, posted minus USD332.8 billion at the end of February 2020, in comparison to minus USD352.1 billion observed at the end of 2019".
Showing a snapshot in time, the NIIP which can be either positive or negative is the value of overseas assets owned by a nation, minus the value of domestic assets owned by foreigners, including overseas assets and liabilities held by a nation's government, the private sector, and its citizens.
MENAFN2104202000450000ID1100057735
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