Turkey’s external assets hit $251.4 billion as of this February, inching down 0.2% from the end of 2019, the Turkish Central Bank announced Monday.

The country’s liabilities against non-residents also fell 3.3% to hit $584.2 billion during the same period.

“The NIIP [net international investment position], defined as the difference between Turkey’s external assets and liabilities, posted minus $332.8 billion at the end of February 2020, in comparison to minus $352.1 billion observed at the end of 2019,” the bank said.

Showing a snapshot in time, the NIIP – which can be either positive or negative – is the

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