SHAFAQNA TURKEY – The Central Bank of the Republic of Turkey (CBRT) has shared the changes in the balance of payments for January.
According to released statistics, as of January, the 12-month current account deficit was declared at $51.7 billion. While the current account deficit for the 12 months in December was $48.7 billion, the increase in the foreign trade deficit was reflected in the current account balance.
In January 2021, as the virus hit tourism sector revenues, a 12-month current account deficit of $36.599 billion was declared.
While the current account balance posted a deficit of $9.85 billion in January, it was seen that this figure set a new record, surpassing the $9.4 billion level in March 2011.
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