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  • 18-09-22

    Turkey’s short-term external debt reaches USD134.6B in July

    (MENAFN) Turkey’s short-term foreign debt share amounted to USD134.6 billion as of the close of July, as shown by official data issued on Friday.

    The external debt set to be compensated throughout the next 12 months jumped 10.7 percent from the end-2021, the Turkish Central Bank stated.

    Lenders’ short-term external debt share surged 7.6 percent to USD55.3 billion, whereas additional areas’ short-term foreign debt share went 12.2 percent higher to USD49.5 billion.

    Trade credits due to imports below other areas were at USD44.5 billion, a surge of 14.6 percent in comparison with the end of 2021.

    A bank report mentioned that “The short-term debt of public sector, which consists of public banks, increased by 10.4 percent to USD24.5 billion, and the short-term debt of private sector increased by 9.5 percent to USD80.3 billion compared to the end of 2021.”

    As of the end of July, 46.5 percent of the debt share was in US dollars, 25.5 percent in euros, 8.8 percent in Turkish liras, and the rest of 19.2 percent in further currencies.

    MENAFN18092022000045014228ID1104883177

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