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FinancialNews
22-07-20
Turkish external possessions at 227.3 Billion USD in May
(MENAFN) On Tuesday July 21 the Turkish Central Bank declared that Turkey's external possessions were 227.3 billion USD at the end of May, down 10.3 percent from the end of the last year.
The country's liabilities in opposition to non-residents also fell 5.8 percent to strike 562.1 billion USD throughout the same period.
The net international investment position (IIP) the difference connecting external possessions and liabilities was defect 334.8 billion USD at the end of May 2020, against 343.7 billion USD at the end of 2019.
The NIIP, screening a picture in time, which can be also positive or negative, is the worth of abroad possessions owned by a nation, defect the worth of home possessions owned by foreigners, including overseas assets and liabilities held by a nation's government, the private sector, and its citizens.
MENAFN2207202000450000ID1100523832
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