Vice President Cevdet Yilmaz, “The current account deficit at sustainable levels of our economy’s resistance to shocks increases, macro financial stability continues to strengthen.” He said.
Yilmaz, social media account, the Central Bank of the Republic of Türkiye (CBRT) announced by the March payment balance data shared.
Yilmaz said that the resistance of our economy against shocks increases with the fact that the current account deficit is at sustainable levels, and our macro financial stability continues to strengthen, Yilmaz said that the current account deficit was realized as 4.1 billion dollars in March and the annual current account deficit continued its horizontal course with 12.6 billion dollars.
Yılmaz stated that these values show that the current account deficit will take place below the OTP targets, that the foreign exchange needs will be at low levels and that the reserve accumulation will continue and said:
“Despite the difficult external conditions, the positive course of the commodity prices, especially oil, and the strong structure of our exports and tourism revenues will help the current account deficit to remain at sustainable levels in the coming period.
