Short-term ex­ter­nal debt stock at $126B in July

Dünya Executive - - OVERVIEW -

Turkey’s short-term ex­ter­nal debt stock to­taled $126 bil­lion as of the end of July, of­fi­cial data re­vealed on Septem­ber 19. The coun­try’s ex­ter­nal debt stock - ma­tur­ing within one year or less - soared by 7.9 per­cent in July com­pared to the end of 2018, ac­cord­ing to the Cen­tral Bank of the Repub­lic of Turkey (CBRT). Of­fi­cial data showed that the cur­rency break­down of the debt stock was com­posed of 51.2 per­cent USD, 30.1 per­cent eu­ros, 13.2 per­cent li­ras and 5.5 per­cent other cur­ren­cies. Banks’ short-term ex­ter­nal debt stock posted an in­crease of 3.6 per­cent to $59.2

bil­lion and other sectors’ short-term ex­ter­nal debt stock rose by 12.2 per­cent to $60.3 bil­lion over the same pe­riod. The rest of the amount - some $6.5 bil­lion - be­longed to the CBRT. “From the borrowers’ side, the short-term debt of the pub­lic sec­tor, which con­sists of pub­lic banks, in­creased by 4.9 per­cent to $23.6 bil­lion.

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