ANKARA
Turkey’s external assets hit $247.5 billion as of this September, up 8% from 2018-end, the Turkish Central Bank revealed on Tuesday.
The country’s liabilities against non-residents slipped 0.2% to $599.2 billion during the same period, the bank said.
The figure means improvement of $19.4 billion in the country’s net international investment position (NIIP).
“The NIIP, the difference between Turkey’s external assets and liabilities, posted minus $351.6 billion at the end of September 2019, in comparison to minus $371 billion at the end of 2018,” the bank said.
The NIIP is the value of overseas assets owned by a nation,
