On Monday (September 16), Turkish Minister of Finance Mehmet Şimşek announced that Turkey’s current account deficit had been lowered to $19 billion. The figure represents a significant reduction from last year’s figure of $57 billion, which was announced in May 2023.
In a statement on CNN Türk, Şimşek touted the figure as an important milestone.
Şimşek also announced that Turkey’s risk premium had dropped from 700 in May 2023 to 270 today.
According to Şimşek, the reduction in risk premium has reduced Turkey’s external borrowing costs.
Şimşek also announced that Turkey’s international reserves have increased from $98.5 billion in May of last year to $153 billion today.
Medyascope'u destekle. Medyascope'a abone ol.
Medyascope’u senin desteğin ayakta tutuyor. Hiçbir patronun, siyasi çıkarın güdümünde değiliz; hangi haberi yapacağımıza biz karar veriyoruz. Tıklanma uğruna değil, kamu yararına çalışıyoruz. Bağımsız gazeteciliğin sürmesi, sitenin açık kalması ve herkesin doğru bilgiye erişebilmesi senin desteğinle mümkün.
During the period between 2003 and 2013, an era known in Turkey for rising prosperity levels, the country’s net reserves were $38 billion, according to Şimşek.
