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FinancialNews


  • 16-11-20

    Central bank of Turkey posts rise in short-term foreign debt

    (MENAFN) The Turkish central bank announced on Monday that exceptional short-term debt in the Turkish private sector increased in September. However long-term debt collapsed, it added.

    In September, short-term international loans from the private sector, except trade credits, were $8.9 billion, up by USD 179 million opposed to the ending of 2019.
    Besides that, financial firms' debts were, according to the bank, 84.8 percent of all short-term loans.

    A large portion of the short-term credit, 43.3 percent, was in US dollars, while the remainder was in euros (37.4 percent), Turkish lira (16.1 percent) and other currencies 3.2 percent.

    On the long-term hand, as of September, the private sector's foreign loans totaled $161 billion, down USD 18.2 billion compared to the end of the previous year.

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