Turkish government's gross debt stock at $201B

By Tuba Sahin

ANKARA

The central government's gross debt stock reached 1.05 trillion Turkish liras (around $201 billion) as of November-end, the Treasury and Finance Ministry reported on Thursday.

The gross debt stock includes the outstanding debt of public sector institutions, the Central Bank, private companies, and households.

Some 55.2 percent or 578.6 billion liras ($111.1 billion) of the debt stock is denominated in Turkish lira, while the rest is in foreign currency.

The ministry's data showed that the stock of Treasury receivables amounted to 18.4 billion Turkish liras ($3.5 billion) as of Nov. 30.

Gross debt stock of Turkish government was 876.5 billion Turkish liras (some $232 billion) at the end of last year.

The U.S. dollar/Turkish lira rate was 5.21 as of Nov. 30, up from 3.78 at the end of 2017.

By Tuba Sahin

ANKARA

The central government's gross debt stock reached 1.05 trillion Turkish liras (around $201 billion) as of November-end, the Treasury and Finance Ministry reported on Thursday.

The gross debt stock includes the outstanding debt of public sector institutions, the Central Bank, private companies, and households.

Some 55.2 percent or 578.6 billion liras ($111.1 billion) of the debt stock is denominated in Turkish lira, while the rest is in foreign currency.

The ministry's data showed that the stock of Treasury receivables amounted to 18.4 billion Turkish liras ($3.5 billion) as of Nov. 30.

Gross debt stock of Turkish government was 876.5 billion Turkish liras (some $232 billion) at the end of last year.

The U.S. dollar/Turkish lira rate was 5.21 as of Nov. 30, up from 3.78 at the end of 2017.