Turkish private sector foreign debt falls
The Turk sh pr vate sector’s outstand ng loans rece ved from abroad decreased th s October from the end of December 2017, the country’s Central Bank announced December 14. The sector’s long-term debts reached $213 b ll on as of October, down $9.1 b ll on from the end of last year. The Bank also noted the sector’s short-term loans - debt that must be pa d n the next 12 months - fell $2.7 b ll on to $15.9 b ll on dur ng the same per od. “As for the sectoral breakdown at the end of October, of the total long-term loans of $213 b ll on, 48.3 percent cons st of l ab l t es of f nanc al nst tut ons wh le 51.7 percent of l ab l t es of non-f nanc al nst tut ons,” the statement sa d. Nearly 60 percent of Turkey’s pr vate sector long-term debt was n U.S. dollars, w th 34.7 percent n euros, 3.8 percent n Turk sh l ras, and 1.6 percent n other currenc es.