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,

Read more: Turkey: External assets increase in September