In August, the current account recorded a surplus of 4.3 billion dollars, marking the highest surplus in 5 years. According to the data released by the Central Bank of the Republic of Turkey, the current account balance in August 2024 showed a surplus of 4 billion 324 million dollars. This figure represents the highest monthly current surplus since August 2019, and for the first time since 2021, the balance of payments has shown a surplus for three consecutive months. In terms of the balance of payments, the defined foreign trade deficit was 2 billion 911 million dollars in July. During this period, net inflows from service balance amounted to 8 billion 696 million dollars, and net income from travel reached 6 billion 793 million dollars. There was a net outflow of 1 billion 475 million dollars in the primary income balance category, while a net inflow of 14 million dollars was recorded in the secondary income balance category. In August, there was a net outflow of 62 million dollars in direct investments, and a net outflow of 881 million dollars in portfolio investments. Analyzing the subcategories, foreign residents carried out a net sale of 627 million dollars in the stock market, and a net purchase of 1 billion 412 million dollars in government domestic debt securities. Concerning foreign bond issuances, the general government made a net repayment of 2 billion 250 million dollars, while banks borrowed a net of 1 billion 114 million dollars, and other sectors borrowed a net of 200 million dollars. Under other investments, domestic banks’ assets in foreign correspondents increased by 699 million dollars. Additionally, foreign banks’ deposits in the domestic market recorded a net decrease of 374 million dollars, with an increase of 786 million dollars in foreign currency and a decrease of 1 billion 160 million dollars in Turkish lira. Regarding the loans provided during this period, banks made a net repayment of 626 million dollars, the general government 133 million dollars, and other sectors utilized a net of 561 million US dollars. Official reserves experienced a net decrease of 2 billion 510 million dollars in August.