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Turkey’s short-term external debt grows by eight per cent

Business Materials 20 February 2012 18:09 (UTC +04:00)

Azerbaijan, Baku, Feb. 20 / Trend A. Tagiyeva /

In 2011 the short-term external debt of Turkey increased by 8.2 percent compared with 2010 and amounted to $83.8 billion, the Central Bank of Turkey reported on Monday.

Short-term external debt of Turkish banks increased by 3.1 percent in 2011 and amounted to $52.4 billion. Thus, $24.1 billion of total debt are loans, $7.2 billion - foreign currency deposits, $12.6 billion - bank deposits, $ 8.3 billion - deposits in Turkish lira.

At the end of 2011, deposits in Turkish lira decreased by 52.2 percent, compared with 2010.
In 2011, short-term external debt of non-banking sector in Turkey grew by 20 percent, compared with 2010 and amounted to $30.4 billion.

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