(MENAFN) Turkey recorded a decline in its private sector's outstanding foreign debts on November last year from December 2017.
The Central Bank of Turkey unveiled the results on Wednesday, announcing an USD8.8 billion drop in long-term debts from the previous year's end to hit USD213.3 billion.
Meanwhile, the central bank confirmed, Turkey's short-term loans in the private sector registered a USD3.1 billion fall to reach USD15.5 billion during the period.
According to the bank, "as for the sectoral breakdown by the end of November, of the total long-term loans in the amount of $213.3 billion, 47.9 percent consist of liabilities of the financial institutions, whereas 52.1 percent consists of the liabilities of the non-financial institutions."
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