Turkey’s current account balance is projected to post a surplus of $1.6 billion in October, an Anadolu Agency survey found on Monday.

The Turkish Central Bank is set to announce the country’s current account balance for October on Wednesday.

The estimates of a group of 13 economists range between $1.3 billion and $1.9 billion.

The current account balance was $2.4 billion in September, while the 12-month current surplus was nearly $5.9 billion.

The country’s new economic program, unveiled in September, forecast a current-account-surplus-to-GDP ratio of 0.1% for 2019.

In 2018, the current account balance posted a deficit of around

Read more: Turkey:Economists expect $1.6B+ current account surplus