International macroeconomics

Central Bank reserves at $84.5 bln in October

The Turkish Central Bank's official reserve assets grew 6.1% month-on-month to reach $84.5 billion in October, according to data released on Nov. 27. 

Foreign currency reserves- in convertible foreign currencies- increased by 12.4% to hit $40.8 billion, according to the bank's international reserves and foreign currency liquidity report.

8 Francophone countries get new currency

It is official that the Eco will replace the CFA franc as the new currency for the eight Francophone countries that form the West African Economic and Monetary Union (UEMOA).

France's Council of Ministers officially passed a bill earlier this month that ratified the reform of the monetary agreement that bound the French government to the eight member states.

Turkish Central Bank int'l reserves at $86.3 bln in April

The official reserves of the Turkish Central Bank reached $86.3 billion as of the end of April, the bank announced on May 28. 

The April figure showed that total reserve assets slipped 6.3% from the previous month.

Foreign currency reserves in convertible foreign currencies fell 15.5% to $50.1 billion during the same period.

Current account deficit shrinks in March, y-o-y

Greece's current account balance showed a smaller deficit in March compared to the same month last year, on the back of improved trade and primary income account balances that offset a smaller services surplus, the Bank of Greece said on Thursday.
Central bank data showed the deficit at 1.106 billion euros from a deficit of €1.538 billion in March 2019.

Survey: Economists expect $3.6 bln current account deficit

Turkey's current account balance is projected to post a deficit of $3.6 billion in March, an Anadolu Agency survey found on May 11.

Turkey's central bank is set to announce the balance of payments figures for March on May 13.

The estimates of a group of 13 economists range between $680 million and $4.7 billion.

Turkey's current account posts $1.23 bln deficit in Feb

Turkey's current account balance posted a deficit of nearly $1.23 billion in February, according to official figures released on April 13.

The deficit was $117 million in the same period last year, said the Central Bank.

The bank's balance of payments figures showed the country's 12-month rolling surplus amounted to $6.13 billion.

Central bank's Vasilescu: The entire collapse of the national currency was worth 2 bani

The collapse of the national currency, which has gone from 4.7 RON to 4.8 RON per euro, is worth 2 bani (the lowest subdivision of the Romanian currency, 100 bani equals 1 RON - e.n.), and presently it doesn't even reach that, said on Sunday Adrian Vasilescu, strategy consultant at the National Bank of Romania. "There is much talk these days.

PSD Senator Daniel Zamfir: Contracts for provision of services, utility supply, expressed in domestic currency

The contracts concluded for the provision of services or for the utility supply can be expressed only in lei, if both the issuers and the recipients are Romanian residents, stipulates a legislative proposal initiated by Social Democratic Party (PSD) Senator Daniel Zamfir. "As promised, I submitted the draft law on contracts and payment of invoices on Romania's territory.

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