External assets up in March
Turkey’s assets abroad ncreased from the end of 2017 to March 2018, the Turk sh Central Bank reported May 21. “Accord ng to the Internat onal Investment Pos t on (IIP) at the end of March 2018, external assets reached $230.5 b ll on, nd cat ng an ncrease of 1.1 percent compared to the end of 2017,” the Bank sa d. The country’s l ab l t es aga nst non-res dents sl pped
1.4 percent to $674.2 b ll on. The net nternat onal nvestment pos t on (NIIP) the gap between Turkey’s assets abroad and l ab l t es – fell deeper nto negat ve terr tory to m nus $443.7 b ll on at the end of March compared w th m nus $455.4 b ll on at the end of 2017.