Turkey's current account posts $528M surplus in August

By Gokhan Ergocun

ISTANBUL (AA) - Turkey's current account balance posted a surplus of $528 million in August, versus a deficit of $4 billion in the same month last year, the Turkish Central Bank announced on Monday.

According to balance of payments figures released by the bank, the country's 12-month rolling deficit totaled $23.03 billion.

An Anadolu Agency survey last week showed that a group of 16 economists' projections for the August current account deficit was $190 million – ranged between $950 million surplus and $1.4 billion deficit.

The survey also projected that the end-2021 current account balance will have a deficit of $20.39 billion.

In July, the current account posted a $1.13 billion deficit.