Short-term foreign debt up 14.1 pct

Turkey's short-term foreign debt stock reached $115.1 billion at the end of March

Short-term foreign debt up 14.1 pct

World Bulletin/News Desk

Turkey's short-term foreign debt stock increased by 14.1 percent and reached $115.1 billion at the end of March 2013 compared to the end of 2012.      

According to a statement released by the Central Bank of Turkey on Friday, Turkey's short-term foreign debt stock increased by 14.1 percent and reached 115.1 billion USD at the end of March 2013 compared to the end of 2012.      

Central Bank stated that short-term foreign exchange loans of the banks received from abroad increased 23.8 percent to $36.2 billion whereas foreign exchange deposits of non-residents within resident banks increased 4 percent to 9.1 billion USD in comparison to the end of 2012.      

Bank deposits reached $21.6 billion, reflecting an increase of 16.3 percent compared to the end of 2012.      

On the other hand, non-residents' Turkish lira deposits noted $12.4 billion indicating 6.8 percent increase in comparison to the end of 2012.      

As of the end of March 2013, the currency composition of short-term external debt stock noted as 51.5 percent USD, 30.3 percent Euro, 16.3 percent Turkish Lira and 1.9 percent other currencies.  

Last Mod: 17 Mayıs 2013, 12:29
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