Balance of payments veri was published by the Central Bank of the Republic of Turkey (CBRT).
In the current account, which in September last year gave a surplus of 2 billion and 719 million dollars, in the same period of this year there was a deficit of 2 billion and 966 million dollars. As a result, the 12-month current account deficit rose to $ 39 billion and $ 164 million.
The defined foreign trade deficit in the balance of payments increased by $ 6 billion 971 million in September compared with the same month of the previous year and rose to $ 8 billion 97 million in this development.
Over the same period, the current account surplus excluding gold and energy increased from $ 6 billion 656 million to $ 6 billion 807 million.
TRAVEL REVENUES REACHED $ 4.5 BILLION
Funding from the services balance increased in September by $ 1 billion 324 million compared to the same month last year and reached $ 6 billion 83 million.
Under this heading, net income from travel increased by 743 million dollars and reached 4 billion and 558 million dollars.
Outflows from the primary income balance declined by $ 12 million in September from the same period a year earlier and fell to $ 947 million.
In the balance of secondary income, which recorded a net inflow of $ 45 million in September last year, zihin outflow of $ 5 million was recorded in the same period of this year.
The current account deficit for August was instead revised from $ 3 billion 112 million to $ 2 billion 738 million.
PORTFOLIO INVESTMENTS $ 3.3 BILLION
While net direct investment inflows were $ 488 million in September, there was a net outflow from portfolio investments of $ 3 billion 373 million over the same period.
When broken down by subheadings, non-residents made net sales of $ 522 million on the stock market and $ 115 million on the national government debt market in September. As regards bond issues abroad, the General Administrations and the banks made net redemptions of 2 billion and 500 million dollars and 1 billion and 132 million dollars, respectively.
Domestic banks’ actual and custody assets in their foreign correspondents increased by $ 2.1 billion in September. Internal deposits of foreign banks increased by $ 380 million in foreign currency and by $ 349 million in Turkish lira, for a total of $ 729 million.
During this period the General Administrations and the banks made net repayments of 107 million dollars and 250 million dollars, respectively, while the other sectors realized a net use of 336 million dollars, relating to loans obtained from abroad.
Official reserves fell by $ 1 billion and $ 656 million net in September.