Mystery Inflows Biggest Since 1998 Helps Turkey Finance Deficit
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Turkey’s capital inflows of unknown origin in February reached their highest level since 1998, helping Turkey fund its current-account deficit.
The central bank reported Friday $4.3 billion in mystery inflows, categorized as “net errors and omissions,” in February that more than offset $2.2 billion in financial outflows. The current-account gap narrowed 4.2 percent from a year ago to $3.2 billion, missing the median estimate of $2.8 billion in a Bloomberg survey of economists.