Tuesday, 26 October 2021 03:05 GMT

Turkey’s external assets increase 10.3 percent to USD282B

(MENAFN) According to the Turkish Central Bank, the country’s net international investment position (NIIP) remained recovering this July, with the total number being 26.2 percent lower than at the end of 2020.

Latest data further declared that Turkey’s external assets increased 10.3 percent to USD282 billion, while its liabilities against non-residents dropped 11.8 percent to USD572 billion.

The bank said in a statement that “The NIIP, defined as the difference between Turkey’s external assets and liabilities, posted minus USD290 billion at the end of July 2021, in comparison to minus USD393.1 billion at the end of 2020.”

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 set by a nation’s government, the private sector, and its citizens.

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