Day: July 20, 2022

Türkiye’s external assets reached $282.9 billion in May, falling 1.9% from the end of last year, according to data released by the Turkish Central Bank on Wednesday.

Liabilities against non-residents also shrank 6% to $509 billion during the same period.

The net international investment position (NIIP), defined as the difference between Türkiye’s external assets and liabilities, amounted to minus $226.1 billion at the end of May, improved from minus $253.2 billion from end-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 nation’s government, the private sector, and its citizens.

Source: Anadolu Agency

Türkiye’s benchmark stock index opened at 2,514.43 points on Wednesday, up 0.50%, or 12.47 points.

Borsa Istanbul’s BIST 100 index jumped 2.07% to 2,501.96 points at Tuesday’s close, with a daily trading volume of 31.7 billion Turkish liras ($1.8 billion).

The US dollar/Turkish lira exchange rate went down to 17.5633 as of 10.00 a.m. local time (0700GMT) from 17.5800 at the previous close.

The euro/Turkish lira exchange rate was slightly up to 18.0221 from 18.0130, while a British pound traded for 21.1052 Turkish liras, down from 21.2350 at the previous close.

Brent crude oil was down 1.08% to $106.25 per barrel.

Source: Anadolu Agency