Turkey’s current account balance saw a deficit of $4.92 billion in March, according to official figures released on Wednesday.

The deficit was $120 million in the same period last year, said the Central Bank.

The bank’s balance of payments figures showed the country’s 12-month rolling surplus amounted to $1.46 billion.

An Anadolu Agency survey on Monday showed that economists had estimated current account balance to see a deficit of $3.6 billion in March.

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