Turkey’s current account sees $1.2B surplus in July

Hurriyet Daily News | Sep 13, 2019 at 11:14 AM
  • Turkey’s current account balance posted a $1.2 billion surplus this July, improving from a $2.2 billion deficit in July 2018, the country’s Central Bank announced on Sept. 13.
  • Non-residents’ equity securities transactions and government domestic debt securities transactions recorded net purchases of $88 million and $391 million, respectively.
  • In the new economic program, the government forecast a current account deficit of $26 billion (or 3.3 percent of GDP) this year.