Latest News:
Padubidri: Fishing boat capsizes; all 7 fishermen on board rescued Alleged atrocity on lawyer: Punjalakatte SI suspended Moral policing at jewellery shop: 4 arrested Bajrang Dal activists try to assault youth, girlfriend in Mangaluru SC to hear Bilkis Bano’s plea against release of 11 convicts on 13 Dec Nusrat Noor: First Muslim Woman to Top Jharkhand Public Service Commission
Latest News:
Padubidri: Fishing boat capsizes; all 7 fishermen on board rescued Alleged atrocity on lawyer: Punjalakatte SI suspended Moral policing at jewellery shop: 4 arrested Bajrang Dal activists try to assault youth, girlfriend in Mangaluru SC to hear Bilkis Bano’s plea against release of 11 convicts on 13 Dec Nusrat Noor: First Muslim Woman to Top Jharkhand Public Service Commission
ISTANBUL, 11 Dec 2019 [Fik/News Sources]: Turkey’s current account balance posted a surplus of nearly $1.55 billion in October, according to official figures released on Wednesday.
The figure marked a $1-billion drop from the same month last year.
The Turkish Central Bank's balance of payment figures showed the country's 12-month rolling surplus amounted to $4.33 billion.
An Anadolu Agency survey on Monday showed that economists had estimated the current account balance to post a surplus of $1.6 billion in October.
The forecast of a group of 13 economists hovered between $1.3 billion and $1.9 billion.
"This development in the current account is mainly attributable to $924 million deficit in goods against $630 million surplus observed in the same month of the previous year," the bank said.
The CBRT also said Turkey's current account deficit -- excluding gold and energy -- posted a $5.3 billion surplus in October 2019, down $700 million in the same month last year.
Travel items, which constitute a major part of the services account, saw a net inflow of nearly $2.76 billion, increasing by $238 million year-on-year in October.
The country's new economic program, unveiled in September, forecast a current-account-surplus-to-GDP ratio of 0.1% for 2019.
Fajr | فجر | |
Dhuhr | الظهر | |
Asr | أسر | |
Maghrib | مغرب | |
Isha | عشا |