Turkish Central Bank
Turkey's current account balance posted a deficit of $683 million, down $1.3 billion from the same month last year, the Turkish Central Bank announced on Sept. 13.
With July figures, the current account deficit saw its eleven-month low.
According to the balance of payments figures released by the bank, the country's 12-month rolling deficit totaled almost $27.8 billion.
Turkey's net international investment position (NIIP) showed a recovery this June, falling 25% compared to end-2020, the Turkish Central Bank said on Aug. 19.
The country's external assets climbed 7.4% to $274.4 billion while its liabilities against non-residents slipped 12.4% to $555 billion in the same period.
Turkey posted a 17.53 percent annual hike in consumer prices in June, the country's statistical authority said on July 5.
Annual inflation rose 0.94 percentage points last month, up from 16.59 percent in May, according to the Turkish Statistical Institute (TÜİK).