A first occurred in the Turkish economy on the road to recovery after 5 years.

The Central Bank announced the current account balance, a critical data point for the Turkish economy. Accordingly, a first in 5 years was experienced in the current balance.

RECORD SURPLUS IN AUGUST

The current account balance had a surplus of 407 million dollars in June, 566 million dollars in July, and 4 billion 324 million dollars in August. The surplus in August was the highest monthly surplus recorded since 2019.

FIRST TIME IN 5 YEARS, SURPLUS FOR 5 CONSECUTIVE MONTHS

In September, the surplus in the current account balance was 2 billion 988 million dollars. In October, the current account balance, which also had a surplus of 1 billion 880 million dollars, thus recorded a surplus for 5 consecutive months for the first time in 5 years.

SURPLUS EXCLUDING GOLD AND ENERGY: 7.1 BILLION DOLLARS

According to Central Bank data, the current account balance excluding gold and energy had a surplus of 7 billion 163 million dollars. The trade deficit defined in the balance of payments was realized as 3 billion 542 million dollars.

Net inflows from the services balance stood at 6 billion 450 million dollars, while net revenues from the travel item under this category were recorded as 5 billion 116 million dollars.

The primary income balance and secondary income balance items recorded net outflows of 1 billion 48 million dollars and net inflows of 20 million dollars, respectively.