Turkey’s net int’l investment position improves in May

Dünya Executive - - OVERVIEW -

Turkey’s net internatio­nal investment position (NIIP) posted a better performanc­e in May, up 12.2 percent versus the end of 2018, the country’s Central Bank said on July 19. As of end of May, the NIIP - the difference between a country’s external assets and liabilitie­s - was negative $323.1 billion compared to negative $367.9 billion at the end of 2018, the Bank reported. Bank data showed that Turkey’s external assets were $239.1 billion, up 4.4 percent in the same period. Meanwhile, the country’s liabilitie­s against non-residents was around $562.2 billion in May, down 5.8 percent from the end of last year.

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