In October, the current account surplus decreased by 1 billion 77 million dollars compared to the previous year and reached 1 billion 549 million dollars. As a result, the twelve-month current account surplus amounted to 4 billion 336 million dollars.
In the statement made by the CBRT, it was said:
“This development was influenced by the fact that the foreign trade balance in the balance of payments table, which had a surplus of 630 million US dollars in the same month of the previous year, gave a deficit of 924 million US dollars this year. The current account surplus, excluding gold and energy, increased by 700 million compared to October of the previous year. The US dollar decreased to 5,332 million US dollars.
Under the services balance, net revenues from the travel item increased by 238 million US dollars compared to the same month of the previous year, reaching 2,759 million US dollars. Under the primary income balance item, net outflows from the investment income item decreased by 116 million US dollars compared to the same month of the previous year. amounted to 951 million US dollars.
Inflows originating from the secondary income balance item increased by 17 million US dollars compared to the same month of the previous year, reaching 132 million US dollars.
FINANCE ACCOUNT
Net inflows from direct investments decreased by 1,013 million USD compared to the same month of the previous year and reached 448 million USD. Portfolio investments recorded a net outflow of US$ 2,729 million.
When examined by sub-items, it is seen that non-residents made net sales of US$ 492 million and US$ 929 million in the stock and government debt securities markets, respectively.
Regarding bond issues abroad, banks and other sectors made net repayments of USD 1,670 million and USD 25 million, respectively. A net inflow of 2,150 million US dollars was realized in other investments.
Under other investments, the effective and deposit assets of domestic banks in their foreign correspondents recorded a net decrease of 4,058 million US dollars, while the domestic deposits of foreign banks recorded a net increase of 978 million US dollars.
Regarding loans provided from abroad, banks, General Government and other sectors made net repayments of US$ 2,207 million, US$ 27 million and US$ 304 million, respectively. “A net inflow of 1,871 million US dollars was observed in official reserves.”
Source: http://uzmanpara.milliyet.com.tr/haber-detay/gundem2/cari-islemler-hesabi-fazla-verdi/97000/97286/
