As of June, the foreign debt of Türkiye’s private sector was at $154.6 billion, marking a decrease of $3.2 billion from the previous year-end, as reported by the nation’s central bank on Wednesday.
In June, long-term loans saw a total of $145.8 billion, reflecting a decrease of $3.9 billion, whereas short-term loans stood at $8.8 billion, indicating an increase of $676 million, when compared to the figures on December 31.
59% of the long-term loans were in the US dollar, while the euro’s share was at 36.4% and the Turkish lira’s at 1.9%.
In the short term, 39.1% of the debt was in the US dollar, 38.2% in the euro, and 15.6% in the Turkish lira.
34.7% of the long-term loans consist of liabilities of financial institutions, while 65.3% consist of liabilities of non-financial institutions. The corresponding proportions for short-term loans were 76.1% and 23.9
“Private sector’s total outstanding loans received from abroad based on a remaining maturity basis; point out to principal repayments in the amount of USD 42.5 billion for the next 12 months by the end of June,” the bank added.
By Breaking News Turkey with AA