Turkey’s current account balance posted a USD 5.56bn deficit in March, growing USD 2.23bn from a year ago, according to the Central Bank. The bank said the country’s 12-month rolling deficit reached USD 24.22bn in March. Goods trade deficit increased USD 3.36bn year-on-year to reach USD 6.34bn. Services item indicated a net surplus of USD...
Tag: current account balance
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Current account deficit at USD 5.15bn in February
Turkey’s current account balance registered a USD 5.15bn deficit in February, widening USD 2.71bn year-on-year, according to the Central Bank The bank said the country’s 12-month rolling deficit stood at USD 21.84bn in February. Goods trade deficit rose USD 3.9bn annually to reach USD 6bn. Services item showed a net surplus of USD 1.61bn, increasing...
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Putin hits tourism, FX, oil and current balance figures: OPINION
BY ALAATTIN AKTAS Turkey would probably take second place after Ukraine among the countries that will suffer the most from Putin’s statements yesterday and the operation launched by the Russian army. Russia may also suffer from the sanctions the West will impose. However, even the increase in oil prices due to this tension benefits Russia....
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Current account balance posts USD 2.68bn deficit in November
Turkey’s current account balance posted USD 2.68bn deficit in November, down USD 866m year-on-year, according to the Central Bank. Thus, the current account balance posted a deficit for the first time after three months. The current account balance was forecasted to post around USD 2.2bn deficit in November. The 12-month rolling current account deficit (CAD),...