Turkish short-term foreign debt stands at USD124.1B in Novem...| MENAFN.COM

Thursday, 19 May 2022 03:25 GMT

Turkish short-term foreign debt stands at USD124.1B in November


(MENAFN) According to the Turkish Central Bank statement on Monday, the country’s short-term foreign debt stock amounted at USD124.1 billion towards the end of November 2021.

The bank also stated that external debt that is expected to be paid throughout the upcoming 12 months registered an increase of 8.6 percent in comparison to the end of the preceding year.

During the stated time span, banks' short-term foreign debt stock plummeted 6.7 percent to USD53.5 billion during the corresponding time frame, whereas other sectors’ short-term foreign debt stock soared 25.4 percent to USD44.5 billion.

The trade credits because of imports under other sectors totaled at USD39.4 billion, increasing by 32.4 percent in comparison to the end of 2020. Banks' short-term FX loans gotten from outside of the country plummeted 7.5 percent to USD12.6 billion.

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