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Türkiye's assets abroad total $281B in June

Türkiye's assets abroad total $281B in June
Gap between Türkiye’s external assets, liabilities narrowed to minus $222.4B, official data shows

By Aysu Bicer

ANKARA (AA) – Türkiye's external assets stood at $281 billion by the end of June, down 2.5% from the end of last year, according to data released by the Turkish Central Bank on Thursday.

Liabilities against non-residents also fell 7.1% to $503.5 billion during the same period.

The net international investment position (NIIP) – the gap between Türkiye’s external assets and liabilities – shrank to minus $222.4 billion in end-June, from minus $253.5 billion at the end of 2021.

Showing a snapshot in time, the NIIP – which can be either positive or negative – is the value of overseas assets owned by a nation, minus the value of domestic assets owned by foreigners, including overseas assets and liabilities held by a country’s government, the private sector, and its citizens.

Reserve assets, a sub-item under assets, went down 11.5% to $98.3 billion, the data showed.

Other investments, another sub-item under assets, stood at $124.7 billion, a 2.5% increase from the end of last year.

Currency and deposits of banks posted $52.7 billion, indicating an increase of 2.2% compared to the end of 2021.

source: News Feed
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