Türkiye's external assets at $303.1B as of February

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye's external assets rose to $303.1 billion at the end of February, decreasing 2.3% from the end of 2022, according to official data released on Monday.

Liabilities against non-residents dropped 2.9% to $570.2 billion, Turkish Central Bank data showed.

The net international investment position (NIIP), defined as the difference between Türkiye's external assets and liabilities, reached minus $267.1 billion at the end of February versus minus $276.9 billion at the end of last year.

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 nation's government, the private sector, and citizens.