Turkey’s private sector foreign debt stands at USD167.8 bill...| MENAFN.COM

Sunday, 23 January 2022 08:57 GMT

Turkey’s private sector foreign debt stands at USD167.8 billion


(MENAFN) According to the Turkish central bank announcement on Friday, the country’s private sector’s unsettled external loans in November, 2021 stood at USD167.8 billion, dropping by percent 5.2 billion in comparison to the end of the year earlier.

Based on the Turkish Central Bank, the industry’s short-term loans, without trade credits gotten from outside of the country amounted at USD8.2 billion in November, dropping by USD1.5 billion from the end of the preceding year.

Liabilities of financial organizations account for 83.6 percent of all short-term loans, whereas liabilities of non-financial organizations comprise of 16.4 percent.

Separated by currency, 40.3 percent of the country’s short-term credit was in US dollars, 36.6 percent in euros, 19.1 percent in Turkish liras, and 4 percent in other currencies.

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