Turkey's private sector foreign debt rises $8.8 bln
The Turkish Central Bank has disclosed that the private sector has seen its long-term foreign debt increase to $166 billion since December.
The Turkish private sectors long-term foreign debt rose by $8.8 billion in July to $166.1 billion, from December last year, the country's central bank disclosed on Tuesday.
The sector's short-term foreign debt, - the debt that must be paid in the next 12 months - also increased by $2.7 billion to $43 billion over the same period.
Data released by the bank indicated that more than half of Turkey's private sector long-term debt was in dollars, at 58.3 percent, with 34.2 percent in euros and 6.2 percent in Turkish lira.
For short-term debt, 49.1 percent was in dollars, with 39.1 percent in euros and 11.1 percent in Turkish lira.
The sector's short-term foreign debt, - the debt that must be paid in the next 12 months - also increased by $2.7 billion to $43 billion over the same period.
Data released by the bank indicated that more than half of Turkey's private sector long-term debt was in dollars, at 58.3 percent, with 34.2 percent in euros and 6.2 percent in Turkish lira.
For short-term debt, 49.1 percent was in dollars, with 39.1 percent in euros and 11.1 percent in Turkish lira.