The central government central government gross debt stock rose by 0.5% m/m and 8.8% y/y to TRY 577.8bn (EUR 201.6bn) at end-November from TRY 574.9bn at end-October and TRY 530.9bn at end-November 2012, data of the Treasury showed on Friday.
TRY 405.4bn of the debt stock is denominated in local currency and TRY 172.4bn is denominated in foreign currencies, the Treasury said.
Domestic debt stock declined from TRY 406.9bn at end-October to TRY 405.4bn at end-November while foreign debt stock rose from TRY 168bn to TRY 172.4bn, data also showed.
The central government debt stock stood at TRY 532.2bn at end-2012 and at TRY 518.4bn at end-2011.
Turkish President Recep Tayyip Erdogan received a warm welcome from his Polish peer Andrzej Duda on October 17, as Warsaw said it supported Ankara’s formally ongoing bid to become a member of the ... more
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Turkey's President Recep Tayyip Erdogan said on October 13 that he plans to hold talks with both public and private lenders on how to lower interest rates. He did not say, however, when those ... more