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Trade Minister Bolat evaluated the balance of payments data

Istanbul AI
11 Eki 2024
1 dakikada okunur

Trade Minister Bolat evaluated the balance of payments data released by the Central Bank of the Republic of Turkey. Minister Bolat pointed out that the economic program and foreign trade policy continue to yield positive results. He stated that in August, the current account balance reached its highest level in the last 5 years with a surplus of 4.3 billion dollars. The current account balance has been in surplus for 3 consecutive months for the first time since 2021. Compared to the same month of the previous year, there has been an improvement of 3.8 billion dollars in the current account balance. The strong improvement in the current account balance continues to present a positive picture for the future of our economy by strengthening macroeconomic stability. Minister Bolat also mentioned that the current account deficit decreased by 75.2% to 9.7 billion dollars in the January-August period compared to the same period of the previous year.


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