Current Account Experiment Data for February announced

The following statements were included in the Balance of Payments report of the Central Bank of the Republic of Turkey:

In February, the current account posted a deficit of USD 8,783 million. Current account, excluding gold and energy, had a surplus of 834 million US dollars.

The foreign trade deficit, defined in the balance of payments, was realized as 10,401 million USD.

Inflows originating from the balance of services were realized as USD 2,334 million. Under this item, net revenues arising from the travel item amounted to US dollars 1.652 million.

The primary income balance item recorded a net outflow of 815 million US dollars, and the secondary income balance item recorded a net inflow of 99 million US dollars.

FINANCE ACCOUNT

Net inflows from direct investments were recorded as US$ 505 million.

Portfolio investments recorded a net inflow of US$ 240 million. When analyzed by sub-items, it is seen that non-residents made a net sale of USD 185 million in the stock market and a net purchase of USD 14 million in the government domestic debt securities market.

Regarding bond issuances abroad, banks made a net use of USD 1,158 million.

Under other investments, the effective and deposit assets of domestic banks in their foreign correspondents decreased by USD 80 million.

Domestic deposits of foreign banks recorded a net increase of USD 272 million, with a net decrease of USD 109 million in foreign currency and a net increase of USD 381 million in Turkish lira.

Regarding the loans obtained from abroad, the General Government realized a net repayment of 222 million US dollars, while the banks and other sectors realized a net disbursement of 1.124 million US dollars and 338 million dollars, respectively.

There was a net decrease of USD 4,677 million in official reserves this month.