Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

Turkey's external assets total $306.8B in October

by Anadolu Agency

ANKARA Dec 20, 2021 - 11:49 am GMT+3
A picture illustration of the U.S. dollar, Swiss Franc, British pound and euro banknotes, Warsaw, Poland, Jan. 26, 2011. (Reuters Photo)
A picture illustration of the U.S. dollar, Swiss Franc, British pound and euro banknotes, Warsaw, Poland, Jan. 26, 2011. (Reuters Photo)
by Anadolu Agency Dec 20, 2021 11:49 am

Turkey's assets abroad stood at $306.8 billion (TL 5.4 trillion) as of the end of October, up 20% from the end of 2020, according to data released by the Central Bank of the Republic of Turkey (CBRT) Monday.

Liabilities against nonresidents fell 12.1% to $562.5 billion during the same period.

The net international investment position (NIIP) – the gap between Turkey’s external assets and liabilities – shrank to minus $255.7 billion in October, from minus $384.7 billion at the end of 2020.

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, jumped 32.9% to $123.9 billion, the data showed.

Other investments, another sub-item, stood at $123.7 billion in October, a 14.2% increase from the end of last year.

  • shortlink copied
  • Last Update: Dec 20, 2021 1:55 pm
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    external assets turkey cbrt net international investment position
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    U.S. President Joe Biden (C) gestures as he and Hunter Biden (L) watch fireworks from the Truman Balcony of the White House in Washington, D.C., U.S., July 2022. (EPA Photo)

    Hunter Biden's alleged iCloud leak exposes inappropriate content

    hunter-biden
    Gerard Pique, president of Kings League reacts during the Final Four of the Kings League Tournament 2023 at Spotify Camp Nou, Barcelona, Spain, March 26, 2023. (Getty Images Photo)

    Pique's cryptic response to Shakira's 'Acrostico' raises eyebrows

    CELEBRITY-GOSSIP

    Millions at risk as Canada wildfires cover New York in thick smog

    canada-wildfires

    Turkish Airlines sees record number of passengers in May

    TURKISH-AIRLINES
    No Image
    First signs of winter in Turkey's east
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021