Turkey's current account deficit slumped to $ 3.76 billion in June
Turkey's current account deficit slumped to $ 3.76 billion in June

With this development, foreign trade balance in the balance of payments table decreased by US $ 670 million to US $ 4,573 million and net balance of service balances increased by US $ 491 million to US $ 1,678 million.

Net revenues from travel under the balance of services increased by US $ 323 million compared to the same month of the previous year and reached US $ 1,391 million.

Net income from investment income under primary income balance item increased by US $ 115 million to US $ 1,071 million compared to the same month of the previous year.

Secondary Income Balance-of-pen receivables increased by US $ 178 million to US $ 282 million compared to the same month of the previous year.

Net inflows (net liability increase) from direct investments were US $ 706 million in June of the previous year, while net outflow (net liability decrease) of US $ 515 million was realized in the same period of this year.

Portfolio investments recorded a net inflow (net liability increase) of US $ 4,206 million. When examined in terms of sub items, it is seen that non-residents made net purchases of US $ 693 million on the stock market and US $ 1,221 million on the market of government debt securities.

Regarding bonds and bills issued abroad, the General Government and the Banks carried out net borrowings of US $ 1,121 million and US $ 1,420 million, respectively.

In other investments, a net inflow of US $ 2,051 million (net liability increase) was realized.

Under other investments, the effective and deposit assets of domestic banks ‘foreign correspondents decreased by US $ 117 million, while foreign banks’ domestic deposits recorded a net increase of US $ 1.392 million.

Regarding loans provided from abroad, the General Government and other sectors used net repayments of US $ 179 million and US $ 441 million, respectively, while the banks used net US $ 704 million.

 

Official reserves increased by US $ 2,968 million.

NO COMMENTS

LEAVE A REPLY