Turkey expected to repay 149.7 bln YTL in debt in 2008

Turkey is expected to repay a total of 149.7 billion YTL (one dollar equals 1.19 YTL) in foreign and domestic debt in 2008, according to a strategy report by the Turkish Treasury.

Turkey expected to repay 149.7 bln YTL in debt in 2008
The treasury estimates to repay 130.8 billion YTL in domestic debt and 18.9 billion YTL in foreign debt in 2008.

The treasury is planing to borrow mostly in local currency to maintain the downward trend in the level of foreign debt in its debt stocks and it will quit issuing bonds in foreign currency.

The treasury is also planing to keep a strong foreign currency reserve for 2008

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Güncelleme Tarihi: 18 Aralık 2007, 11:32
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