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17-07-21
Turkey's external assets stand at USD255B at May-end
(MENAFN)According to the Turkish Central Bank, Turkey's external assets stood at USD255 billion at May-end, increased 6.5 percent from 2020.
The country's liabilities against non-residents in the same period dropped 10.8 percent to USD582 billion.
The net international investment position (NIIP) – the difference amid external assets and liabilities – was minus USD327 billion in May, versus minus USD413 billion at the end of the previous year.
As a snapshot in time, the NIIP is the value of overseas assets owned by a nation, minus the worth of domestic assets owned by foreigners, including overseas assets and liabilities held by a nation's government, private sector and its citizens.
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