Turkey’s private sector foreign debt increases by $8.1 bln

ANKARA

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Turkey’s private sector’s long-term foreign debt increased by $8.1 billion in August to a total of $166.2 billion from December last year, the Central Bank announced on Oct. 20.

The private sector’s short-term foreign debt, which needs to be paid in the next 12 months, also increased by $1.9 billion, totaling $42.3 billion over the same period.

Data released by the Bank showed that more than half of Turkey’s private sector’s long-term debt was in dollars, at 58.8 percent, with 33.8 percent in euros and 6.1 percent in Turkish Liras.

Of the short-term debt, some 52.1 percent was in dollars, 39.3 percent in euros and 8.2 percent in liras.