Türkiye Logs $4B Current Account Surplus in August
15 Articles
15 Articles
Direct investment see net inflow of $141M in August
Turkey recorded a current account surplus of $4.053 billion in August. Treasury and Finance Minister Mehmet Şimşek highlighted the $1.1 trillion paid for energy imports over the past 26 years, emphasizing the importance of steps to reduce dependence on foreign energy sources.
According to the Central Bank's August balance of payments data, the current account showed a monthly surplus of $4.053 billion, while the annualized deficit reached $42.1 billion. Minister Şimşek assessed the deficit as being at a manageable level.
Turkiye Posts $4 Billion Current Account Surplus as Services Drive Strong Inflows
Direct investment see net inflow of $141M in August Türkiye posted a current account surplus of $4 billion in August, while the 12-month rolling deficit stood at $42.1 billion, according to central bank data. The Central Bank of the Republic of Türkiye announced that the current account excluding gold and energy indicated a net surplus …
haberglobal.com
bloomberght.comTreasury and Finance Minister Mehmet Şimşek, who assessed the current account balance figures announced today and gave more than $4,053 million, said that they aim to maintain the current deficit at manageable levels due to the increase in goods exports and the resilient outlook in service revenues.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
