
Turkey's current account registered a deficit of $5.15 billion in February, more than double the amount in the same month last year, data from the central bank showed on Monday, as the soaring cost of energy imports widens the shortfall.
Wiping out Turkey's chronic current account deficit, at $14.9 billion in 2021, has been one of the main goals under President Recep Tayyip Erdogan's new economic program that also prioritizes growth, exports and employment with low rates.