Turkey posts 5.55-bln-USD current account deficit in March

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Turkey posts 5.55-bln-USD current account deficit in March

STORY: Turkey posts 5.55-bln-USD current account deficit in March DATELINE: May 17, 2022 LENGTH: 00:00:46 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. Turkish Central Bank 2. various of street views in Turkey STORYLINE: Turkey's current account balance posted a deficit of 5.55 billion U.S. dollars in March, up from 2.29 billion dollars in the same month last year, according to the central bank's data released on Monday. However, if gold and energy are excluded, the current account, the most important item in the balance of payments of the central bank, recorded a surplus of 2.48 billion dollars in March, the data showed. Meanwhile, the 12-month rolling deficit of Turkey rose to 24.2 billion dollars. Turkey's exports amounted to 22.8 billion dollars, while imports stood at 29.1 billion dollars, producing a trade deficit of 6.34 billion dollars in March. Official reserves recorded a net outflow of 4.5 million dollars, according to the central bank. Xinhua News Agency correspondents reporting from Ank

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