(MENAFN) In line with data issued by the Turkish Central Bank on Tuesday, Turkey’s foreign assets amounted to USD286.5 billion two months ago, dropping 2.5 percent from the end of 2021.
Charges on non-citizens also declined 1.7 percent to USD514 billion throughout the same time.
The net international investment position (NIIP), outlined as the variance between Turkey’s external assets and liabilities, reached negative USD227.5 billion at the end of March, marginally increased from negative USD228.8 billion from the end of last year.
Presenting a snapshot in time, the NIIP – which can be whichever positive or negative – is the value of foreign assets owned by a country, minus the value of domestic assets owned by non-nationals, such as foreign assets and liabilities held by a country's administration, the private division and its residents.
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