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FinancialNews


  • 18-10-22

    Turkey’s short-term foreign debt reaches USD138.1B in August

    (MENAFN) Turkey’s short-term foreign debt share amounted to USD138.1 billion as of the closing of August, as shown by official figures issued on Monday.

    The external debt is set to be compensated during the upcoming 12 months jumped 13.6 percent from end-2021, the Turkish Central Bank mentioned.

    Lenders’ short-term external debt share jumped 8.2 percent to USD55.6 billion, whereas additional industries’ short-term external debt share jumped 15.4 percent to USD50.9 billion.

    Exchange credits due to imports under other sectors stood at USD45.7 billion, climbing 17.5 percent in comparison with the closing of 2021.

    “The short-term debt of the public sector, which consists of public banks, increased by 13.6 percent to USD25.2 billion and the short-term debt of the private sector increased by 10.9 percent to USD81.3 billion compared to the end of 2021,” as said by a bank statement.

    As of the end of August, 46.2 percent of the debt share was in US dollars, 26.1 percent in euros, 8.6 percent in Turkish liras, as well as the rest 19.1 percent in additional currencies.

    MENAFN18102022000045014228ID1105037974

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