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Trkiye Achieves $4 Billion Current Account Surplus in August

Accra:Trkiye Trkiye posted a current account surplus of $4 billion in August, with the 12-month rolling deficit reaching $42.1 billion based on data from the central bank.

According to Anadolu Agency, the Central Bank of the Republic of Trkiye reported that the current account, excluding gold and energy, showed a net surplus of $8.2 billion for the month. The goods deficit was recorded at $3.75 billion in August.

Net inflows from services contributed $9.7 billion, with travel revenues amounting to $7.28 billion and transportation revenues at $3.26 billion. Direct investment experienced a net inflow of $141 million, while non-residents recorded a net inflow of $719 million.

Portfolio investments, however, saw a net outflow of $1 billion during the month. Despite this, the country's official reserves increased by $7.14 billion in the same period.