Türkiye recorded a current account deficit of 3.67 billion U.S. dollars in November last year, according to data released by the Turkish central bank on Wednesday. The country’s 12-month rolling deficit, which ended in November last year, was approximately 45 billion dollars, the highest level since August 2018, data showed. For the 13th month in a row, the country runs a deficit, owing primarily to rising energy prices.
Despite rising inflation and a depreciation of the Turkish lira, the Turkish government pursues a current account surplus through increased exports and low interest rates.