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Turkey Swung to Current-Account Surplus in August

October 11, 2021 at 01:32 am EDT

By Maria Martinez

Turkey posted a current-account surplus in August for the first time since October 2019, the country's central bank said Monday.

Turkey's current-account deficit had been narrowing since March and in August it swung to a surplus of $528 million. This compares with a deficit of $683 million for July, according to the data, and a deficit of $4.07 billion for August a year earlier.

The 12-month rolling deficit was $23.03 billion, the central bank said.

Write to Maria Martinez at maria.martinez@wsj.com

(END) Dow Jones Newswires

10-11-21 0332ET

Maria Martinez

Maria Martinez is on the board of McKesson Corp., Silicon Valley Education Foundation, Genesys Works and Declara, Inc. and EVP, Chief Operating & Customer Experience Officer at Cisco Systems, Inc. Ms. Martinez previously was President & Chief Executive Officer of Embrace Networks, Vice President-Worldwide Services at Microsoft Corp., President-Global Customer Success at salesforce.com, inc., Principal at AT&T, Inc. and Vice President at Motorola, Inc. She received an undergraduate degree from the University of Puerto Rico and a graduate degree from The Ohio State University.

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