International macroeconomics
Current account deficit at $2.7 billion in April.
Turkey's current account deficit came in at $2.7 billion in April, widening by $1.2 billion in the same month of last year, the Central Bank said yesterday.
On the back of the April data, the country's 12-month rolling current account gap amounted to $25.7 billion.
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External assets at $287 billion in March
Turkey's external assets declined by 2.5 percent from the end of 2021 to stand at $286.5 billion as of end-March, the Central Bank said on May 24.
Liabilities against non-residents were at $514 billion, indicating a decrease of 1.7 percent over the same period, showed the bank's International Investment Position (IIP) report.
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Turkey’s external assets exceed $288 billion at end of February
Turkey's external assets reached $288.1 billion in February, down 1.6 percent from the end of 2021, according to data released by the Turkish Central Bank yesterday.
Liabilities against non-residents fell 2 percent to $512.1 billion during the same period.
Yen drops to 20-year low against dollar
The yen hit its lowest level against the dollar in two decades yesterday, extending recent falls as the gap widens between Japan's ultra-loose monetary policy and U.S. tightening.
Despite being traditionally considered a safe-haven currency, uncertainty fueled by the war in Ukraine has not caused the yen to strengthen.
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Current account gap at $14.9 bln in 2021
Turkey's current account balance posted a $3.84 billion deficit in December 2021, up $401 million year on year, according to data released by the Turkish Central Bank on Feb. 11.
The country's 12-month rolling deficit totaled $14.9 billion.
The gold- and energy-excluded current account posted a $2.27 billion surplus compared to a $700 million surplus in December 2020.
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External assets reach $307 billion
Turkey's external assets stood at $307.4 billion in November, 2021, indicating an increase of 20.3 percent from the end of 2020, the Central Bank's the International Investment Position (IIP) data have shown.
Liabilities, on the other hand, against non-residents were $527.8 billion, risin 17.6 percent.
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Central Bank intervenes in ‘unhealthy’ FX pricing
The Turkish Central Bank intervened in foreign exchange markets for a third time this month on Dec. 10, citing "unhealthy price formations."
"The Central Bank of the Republic of Turkey directly intervenes in the market via selling transactions due to unhealthy price formations in exchange rates," said the bank.
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Turkey's external assets at $301.4 bln in September
Turkey's external assets stood at $301.4 billion at the end of September, marking an increase of 17.9% from the end of 2020, according to data released by the Turkish Central Bank said on Nov. 18.
Liabilities against non-residents dropped 9.1% to $587 billion.
Turkey aims for ‘sustainable’ growth model: Minister
A growth model would not be sustainable if not based on efficiency development, Treasury and Finance Minister Lütfi Elvan said in a parliament commission meeting on Nov. 12.
Current account balance posts $1.65 bln surplus in Sept
Turkey's current account balance posted a surplus of $1.65 billion in September, bringing the 12-month rolling deficit to $18.4 billion, the Turkish Central Bank revealed on Nov. 11.
In September 2020, the current account balance posted a $2.3 billion deficit.