ANKARA, Oct. 11 (Xinhua) -- Türkiye registered a current account surplus of 4.32 billion U.S. dollars in August, according to data from the central bank on Friday.
Finance Minister Mehmet Simsek emphasized that the reduction in the current account deficit, combined with a robust external financing outlook, is strengthening the country's macro-financial stability and boosting economic resilience.
Simsek said in a statement on social media platform X that the 12-month rolling deficit has continued to shrink to 11.3 billion dollars, or about 0.9 percent of GDP, down from 15.1 billion last month.
Türkiye posted current account surpluses of 756 million dollars in June and 778 million dollars in July, reversing a five-month trend of deficits.
For the first eight months of 2024, the current account deficit was 9.67 billion dollars, a marked improvement from the 38.9 billion dollars deficit recorded during the same period in 2023.
The 12-month cumulative deficit also decreased from 15.09 billion dollars in July to 11.25 billion dollars in August, a sharp contrast to the 51.84 billion dollars deficit recorded in August of last year.
