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Gap between assets abroad, liabilities in February narrows compared to same month last year, reveals official data
Yunus Girgin   |
19.04.2021
ANKARA
Turkey s external assets amounted to $248.9 billion at the end of February, up 3.4% from 2020, the Turkish Central Bank announced on Monday.
The country s liabilities against non-residents during the same period rose 1.4% to $636 billion.
The net international investment position (NIIP) – the difference between external assets and liabilities – was minus $387.1 billion, versus minus $404.5 billion over the same period in 2020.
As 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 nation s government, the private sector, and its citizens. ....

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