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  • 18-07-20

    Turkey: Private sector external liability drops in May

    (MENAFN) The Turkish Central Bank stated on Friday that the unsettled short and long term amount overdue of Turkey's private sector dropped in May.

    The private sector's short-term foreign loans, without trade credits, reached USD7.6 billion in May; drop USD1.4 billion compared to the end of 2019.

    According to the bank, obligations of financial establishments were 78.7 percent of all short-term loans.

    A major amount of the short-term credit, 38 percent, was in the U.S. dollar, while the rest was in euros (36.3 percent), Turkish liras (24.2 percent), and other bills (1.5 percent).

    MENAFN1807202000450000ID1100503447

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