Türkiye runs current account deficit of $2.5B in January | News

Türkiye’s current account balance posted a deficit of $2.55 billion in January, Türkiye’s Central Bank announced on Tuesday.

Meanwhile, the gold- and energy-excluded current account balance saw a net surplus of $3.59 billion in the month, the bank underlined.

The gold deficit was $4.45 billion in January, while the services saw a net surplus of $2.79 billion.

The travel item, under services, posted a net inflow of $2.19 billion in January.

“Primary income and secondary income recorded a net outflow of USD 856 million and USD 44 million, respectively,” the bank said.

The direct investments saw a net inflow of $661 million in January, the bank added.