Pri­vate sec­tor short-term debt up in Fe­bru­ary

Daily Sabah (Turkey) - - Money -

THE PRI­VATE sec­tor’s short-term for­eign debt - debt that must be paid in the next 12 months -rose to $19 bil­lion as of Fe­bru­ary, up $1.4 bil­lion from the end of De­cem­ber 2017, the Cen­tral Bank of the Repub­lic of Tur­key (CBRT) an­nounced yes­ter­day. The sec­tor’s long-term for­eign debt also climbed $6.8 bil­lion to $228 bil­lion over the same pe­riod, the bank said.

Data showed fi­nan­cial in­sti­tu­tions’ li­a­bil­i­ties con­sti­tuted 51 per­cent of all longterm loans, while the li­a­bil­i­ties of non­fi­nan­cial in­sti­tu­tions were the re­main­ing 49 per­cent. More than half of the pri­vate sec­tor’s long-term debt is in dol­lars, at 58.2 per­cent, with 35.1 per­cent in eu­ros and 5 per­cent in Turk­ish lira. Some 50.4 per­cent of short-term debt is in dol­lars, fol­lowed by 27.4 per­cent in eu­ros, and 21.1 per­cent in Turk­ish lira.

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