International macroeconomics
Central Bank governor stresses narrowing current account gap
Turkish Central Bank Governor Şahap Kavcıoğlu on Oct. 27 underlined the importance of turning the current account deficit to the positive territory by ramping up credits to exporters.
Turkey's assets abroad total $297 bln in August
Turkey's external assets stood at $297.4 billion by the end of August, up 16.4 percent from the end of 2020, according to Turkish Central Bank data released on Oct. 18.
Liabilities against non-residents fell 9.1 percent to $589.7 billion during the same period.
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Net int'l investment position improves in July
Turkey's net international investment position (NIIP) continued recovering this July, with the overall figure being 26.2 percent lower than at the end of last year, the Turkish Central Bank said on Sept. 20.
The country's external assets grew 10.3 percent to $282 billion, while its liabilities against non-residents fell 11.8 percent to $572 billion, the latest data showed.
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Current account balance sees 11-month low figure in July
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.
RON depreciation to continue, without internal political situation influence (CFA Romania's Codirlasu)
The national currency has depreciated on Thursday compared to the euro, continuing, practically, its descending trend started last week, the internal political situation having no influence on the exchange rate, believes Adrian Codirlasu, deputy chair of the CFA Romania Association. "The course depreciated a little. Practically it continued the depreciation trend started last week.
BNR's forex reserves increase by 6.68 pct in August, to 41.616 billion euro
The foreign currency reserves of the National Bank of Romania clocked in, at the end of August 2021, at 41.616 billion euro, an increase by 6.68 pct over the level of 39.008 billion euro recorded on July 31, 2021, the central bank announced on Wednesday.
BoG – 51% increase in travel receipts in the first half of 2021 – Arrivals decreased
In June 2021, the current account deficit decreased year-on-year, mainly due to an improvement in the services balance and, to a lesser extent, the primary and secondary income accounts, which was partly offset by the deterioration in the balance of goods.
Turkey's net int'l investment position improves in June
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.
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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.
Current account deficit continues to narrow for 4th straight month
Turkey's current account balance posted a deficit of $1.127 billion in June, down $1.95 billion from the same month last year, the Turkish Central Bank announced on Aug. 13.
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With June figures, the current account deficit continued to narrow for the fourth month in a row.