Money

Turkiye’s current account sees deficit of $2.7B in April

12-month rolling deficit amounts to $25.7B in April

Turkiye’s current account balance posted a deficit of $2.7 billion in April, up $1.22 billion on a yearly basis, according to official figures released on Monday.

The Central Bank announced that the 12-month rolling deficit totaled $25.7 billion.

Excluding gold and the energy trade, the current account balance saw a surplus of $4 billion, increasing from $1.13 billion.

The goods item saw a net deficit of $4.43 billion, while services indicated a net surplus of $2.7 billion.

“Under services, travel item recorded a net inflow of $1.59 billion,”added the Central Bank.

Direct investments saw net inflows of $323 million.

Source
aa

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