Turkish Central Bank
Turkey's current account posts $1.71 bln gap in April
Turkey's current account balance posted a deficit of some $1.71 billion in April, down by $3.58 billion from the same month last year, the Turkish Central Bank announced on June 14.
According to the balance of payments figures released by the bank, the country's 12-month rolling deficit totaled around $32.7 billion.
Finance minister vows to fight inflation decisively
Treasury and Finance Minister Lütfi Elvan vowed on June 11 to continue to fight against inflation to ensure prosperity, saying that the government and the Turkish Central Bank would be in close cooperation for this purpose.
Turkey's manufacturing capacity usage down in May
The capacity utilization rate (CUR) in the Turkish manufacturing industry fell on a monthly basis in May, according to official data announced on May 25.
Local manufacturing industry units operated at 75.3% of their capacity this month, down 0.6 percentage points from March, according to a survey by the Turkish Central Bank.
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Turkey's assets abroad total $250.2 bln in first quarter
Turkey's external assets reached $250.2 billion in the first three months of 2021, an increase of 3.5 percent from the end of last year, Turkish Central Bank data showed on May 20.
The country's liabilities against non-residents fell 8.6 percent to $589.5 billion during the January-March period.
Police identify more suspects in Thodex probe
The Turkish police have identified three more suspects in the Thodex cryptocurrency exchange platform fraud case, Demirören News Agency reported on May 17.
Those suspects include a software developer, a financial department employee and the wife of Thodex founder Faruk Fatih Özer's older brother, the report said.
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Private sector foreign debt down in March
Outstanding short- and long-term debts of Turkey's private sector declined in March, the Turkish Central Bank said on May 17.
The total foreign debt of private sector saw $170.2 billion as of March, falling by $3.5 billion.
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Turkey's current account posts $3.33 bln gap in March
Turkey's current account balance posted a deficit of some $3.33 billion in March, decreasing by $2.12 billion from the same month last year, the Turkish Central Bank announced on May 11.
According to the balance of payments figures released by the bank, the country's 12-month rolling deficit totaled almost $36.2 billion.
Central Bank acted legally in FX transactions: Minister
The Turkish Central Bank has been using the legal authority given to it by laws to keep the foreign exchange markets under control and protect the value of the Turkish Lira, Treasury and Finance Minister Lütfi Elvan said on April 19.
"The Central Bank has been using the inflation targeting regime since 2006," Elvan said in an interview with news channel NTV.
External assets hit $248.9 bln in February
Turkey's external assets amounted to $248.9 billion at the end of February, up 3.4% from 2020, the Turkish Central Bank announced on April 19.
The country's liabilities against non-residents during the same period rose 1.4% to $636 billion.
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Forex transactions made transparently: Central Bank governor
The Turkish Central Bank has prioritized financial stability and protecting the national economy during the COVID-19 pandemic and conducted foreign exchange transactions transparently during this period, Governor Şahap Kavcıoğlu said on April 16.