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FinancialNews


  • 24-05-22

    Turkey’s foreign debt increases 9.9 percent to stand at USD132B

    (MENAFN) On Monday, official data issued showed that Turkey’s temporary foreign debt share stood at USD132 billion by of the end of March.

    A Turkish Central Bank stated in announcement that the external debt due to be paid by the next year increased 9.9 percent from the end of last year.

    In this time, lenders' temporary external debt stock rose 6.9 percent to USD55.1 billion, whereas other divisions' short-term external debt stock surged 10.8 percent to USD47.3 billion.

    The exchange credits due to imports under other divisions amounted to USD41.5 billion, jumping 10.8 percent throughout the same period.

    It mentioned that "The short-term debt of public sector, which consists of public banks, increased by 14.6% to $25.5 billion and the short-term debt of private sector increased by 6.8% to $77 billion compared to the end of 2021."

    MENAFN24052022000045014228ID1104264187

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