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FinancialNews


  • 18-11-20

    11.2-percent decline observed in Turkey's international assets

    (MENAFN) The Turkish Central Bank announced Wednesday that a yearly 11.2-percent decline was seen in the country"s external assets as those amounted to USD 225 billion by Sept. 31.

    The country's liabilities against non-residents also fell 0.9%, down to $593.5 billion during the same period.
    The net international investment position (NIIP) - the difference between external assets and liabilities - was minus $368.5 billion, versus minus $345.4 billion over the same period.
    As 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.

    MENAFN18112020000045011136ID1101146425

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