Business · Economy · 52 mins ago
Türkiye records $2.72 billion current account surplus in September
Türkiye recorded a $2.72 billion current account surplus in September, according to Central Bank data.
The current account tracks money flowing into and out of a country through trade, services and income.
Services brought in $9.01 billion net, including revenue from travel and transportation, while goods trade had a $3.64 billion deficit.
Excluding gold and energy, the surplus was $7.34 billion, but the annualized current account balance was still a $39.2 billion deficit.
Official reserves fell by $10.01 billion during the month, while portfolio investments recorded a net outflow of $7.73 billion.
The Central Bank included crypto transactions in its figures for the first time, using data from Türkiye’s Central Securities Depository; residents sold $21 million in crypto assets and bought $49 million in stablecoins.
The data also showed $859 million in net direct investment inflows, but gave no indication of what the figures may be in coming months.
Türkiye recorded a current account surplus of $2.72 billion in September, according to central bank data released on Nov. 13.
The surplus was supported by a narrower foreign trade deficit and services net inflows of about $9 billion.
Excluding gold and energy, the current account surplus was $7.34 billion.
The 12-month rolling current account deficit narrowed to $39.2 billion, Treasury and Finance Minister Mehmet Şimşek said.
The central bank included crypto-asset transactions in its balance of payments statistics for the first time.
- Who
- Türkiye, according to central bank data.
- What
- The current account recorded a $2.72 billion surplus in September.
- When
- September; the data was released on Nov. 13.
- Where
- Türkiye.
- Why
- A narrower trade gap and services income supported the surplus. Lower net gold imports helped offset a wider energy trade deficit.
This story does not have two clearly opposing sides.
Türkiye recorded a current account surplus of $4.05 billion.
Türkiye recorded a current account surplus of $2.72 billion, and the central bank included crypto-asset transactions in its statistics for the first time.
The central bank released the September current account data.
- Current account surplus
- $2.72 billion in September
- Surplus excluding gold and energy
- $7.34 billion
- Services net inflows
- $9.01 billion
- 12-month current account deficit
- $39.2 billion
- Official reserves
- Decreased by about $10 billion in September