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Tag: current account balance

Curbing dependence key in reining in Türkiye’s current account gap: VP
Economy

Curbing dependence key in reining in Türkiye’s current account gap: VP

August 30, 2023August 30, 2023

Türkiye ought to swiftly decrease its exterior dependency, significantly on power, to handle the power present account deficit downside, a senior official mentioned Tuesday. The

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Türkiye says ‘booming’ tourism to help shrink current account gap
Economy

Türkiye says ‘booming’ tourism to help shrink current account gap

August 27, 2023August 27, 2023

A senior authorities official Saturday mentioned the strong development in overseas arrivals and tourism revenues would assist curb Türkiye’s continual present account deficit, a day

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Türkiye unveils 20% extra charge for some gold imports
Economy

Türkiye unveils 20% extra charge for some gold imports

August 8, 2023August 8, 2023

Türkiye introduced a 20% extra cost for some gold imports Tuesday, as a part of efforts to rein within the detrimental influence on the present

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Türkiye eyes gold import quota to curb deficits, boost FX reserves
Economy

Türkiye eyes gold import quota to curb deficits, boost FX reserves

August 7, 2023August 7, 2023

Türkiye is planning to impose a quota on the imports of unprocessed gold because it seeks to curb the unfavorable influence of such imports on

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Türkiye’s current account deficit widens to over .9B in May
Business

Türkiye’s current account deficit widens to over $7.9B in May

July 11, 2023July 11, 2023

Türkiye’s present account registered a deficit of $7.93 billion in May, greater than forecasted, official knowledge confirmed Tuesday. The shortfall widened from $5.4 billion in

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Türkiye’s current account gap widens as focus shifts to policy moves
Business

Türkiye’s current account gap widens as focus shifts to policy moves

June 20, 2023June 20, 2023

Türkiye’s present account deficit widened greater than anticipated in April, official knowledge confirmed Monday, because the imbalance poses some of the vital challenges for the

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Policy framework has power to lower inflation: CBRT chief
Economy

Policy framework has power to lower inflation: CBRT chief

March 29, 2023March 29, 2023

Türkiye’s central financial institution chief on Wednesday stated the financial authority’s present coverage framework “has the power” to make sure a fall in inflation and

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Türkiye’s current account gap widens to record .85B in January
Economy

Türkiye’s current account gap widens to record $9.85B in January

March 13, 2023March 13, 2023

The present account deficit of Türkiye widened to $9.85 billion (TL186.88 billion) in January, official information confirmed Monday, marking the best degree in 4 a

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Türkiye registers better-than-expected current account gap
Business

Türkiye registers better-than-expected current account gap

January 11, 2023

Türkiye’s present account deficit widened to about $3.7 billion in November, official knowledge confirmed Wednesday, propelled by hovering value of vitality imports and speedy enhance

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Türkiye registers better-than-expected current account gap
Business

Türkiye registers unexpected current account gap in November

January 11, 2023January 11, 2023

Türkiye’s present account deficit widened to about $3.7 billion in November, official knowledge confirmed Wednesday, propelled by hovering price of power imports and fast enhance

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