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Turkey’s foreign debt increases by almost 19 percent

Business Materials 25 August 2012 15:28 (UTC +04:00)
Turkey's short-term foreign debt has increased by 19.2 percent in the first half of 2012 compared to the same period of 2011. The figure hits $99.9 billion, the Turkish Central Bank said today.
Turkey’s foreign debt increases by almost 19 percent

Azerbaijan, Baku, Aug. 23 / Trend A. Taghiyeva /

Turkey's short-term foreign debt has increased by 19.2 percent in the first half of 2012 compared to the same period of 2011. The figure hits $99.9 billion, the Turkish Central Bank said today.

The foreign debt increased by 3.4 percent in June 2012 compared to the previous month.

Turkey's foreign borrowings raised from banks increased by 19.9 percent compared to the same month of 2011. The figure hits $ 62.9 billion.

The debt to the private sector rose by 19.3 percent to $35.6 billion in June.

The import debt in June rose by 13.8 percent to $22.9 billion.

About 48 percent of the total debt was drawn in dollars, 31 percent - in euros, 16.4 percent - in the Turkish lira, 1.5 percent - in other foreign currencies.

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