Turkey’s short-term external debt ups by 13 percent
Azerbaijan, Baku, Jan. 18 / Trend A. Taghiyeva /
Turkey's short-term external debt increased by 12.6 percent as of November 2011 and hit $88 billion compared to the same month of the previous year, the report of the Turkish Central Bank, published on its website today, said.
Turkey's short-term external debt decreased by 1.6 percent in November 2011 compared to October.
Turkey's total external debt, given the obligations with a maturity of one year, hits $134.4 billion.
Turkey's debt on obligations to foreign banks increased by 10.6 percent as of November 2011 and hit $57.1 billion compared to the same period of the previous year. The xternal liabilities to other financial institutions increased by 18.4 percent to $29.6 billion.
The debt on imports increased by 15.7 percent as of November 2011 and hit $20.2 billion compared to the same period of the previous year.
Turkey's foreign debt to financial institutions increased by 10.6 percent and hit $ 54 billion. The debt to the non-financial bodies for the period increased by 15.9 percent and hit $ 34 billion.
About 50.6 percent of Turkey's total external debt was drawn in dollars, 31.7 percent - the euro, 15.9 percent - lira, and the rest debt (1.8 percent) - in other foreign currencies